Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a "mild" one. Now, it's warning of a deeper downturn caused by the Federal Reserve's quest to knock down stubbornly high inflation. "We will get a major recession," Deutsche Bank economists wrote in a report to clients on Tuesday. The problem, according to the bank, is that while inflation may be peaking, it will take a "long time" before it gets back down to the Fed's goal of 2%. That suggests the central bank will raise interest rates so aggressively that it hurts the economy. "We regard it...as highly likely that the Fed will have to step on the brakes even more firmly, and a deep recession will be needed to bring inflation to heel," Deutsche Bank economists wrote in its report with the ominous title, "Why the coming recession will be worse than expected." https://amp.cnn.com/cnn/2022/04/26/economy/inflation-recession-economy-deutsche-bank/index.html
I agree with Microsoft, it is going to be a bumpy ride. Make sure you have a cash cushion to cover unexpected expenses so you don't have to sell investments.
Banks are crooks and Deutsche is the biggest crook of them all, if the other banks lie and fear monger why would you listen to the worst one of them all?
Wow. Thanks for sharing.
I agree with Quirch Foods. Read this book on Deutsche Bank shenanigans https://www.amazon.com/Dark-Towers-Deutsche-Donald-Destruction/dp/0062878816
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Great Depression
I mean it’s obvious. There is a bit of fear mongering but it’s caution for people investing aggressively. Next two years will be relatively flat returns
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