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Former Commerce Secretary Warns US Headed for Recession

Former Commerce Secretary Warns US Headed for Recession


Former Commerce Secretary Warns US Headed for RecessionFormer Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, […]

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