CNBC’s Andrew Ross Sorkin joins Shep Smith to discuss inflation and Jeff Bezos’ comments that the economy will soon tell us to ‘batten down the hatches.’ For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV...(read more)
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Jeff Bezos, the founder and CEO of Amazon, recently warned that Americans should prepare for a recession. During a conversation at the Economic Club of Washington D.C., Bezos discussed his views on the current economic climate in the United States and shared his concerns about the potential for an economic downturn in the near future. "I think we're in a golden age of exploration and pioneering for the internet," Bezos said at the event. "But I also think that every empire, every business, every individual has to prepare themselves for a time when they're not at the top of their game. You have to be prepared for that. It's inevitable." Bezos went on to explain why he believes a recession is likely to occur at some point in the coming years. He cited factors such as rising levels of debt, political instability, and slowing economic growth as reasons to be cautious about the future. "We're in a position where we have the most debt we've ever had in our history," Bezos said. "It's not just the government. It's also households and corporations. That's a recipe for a slowdown at some point." He also expressed concern about the impact that political instability could have on the economy. "The country is very divided right now. We need to be looking for ways to bring people together rather than ways to divide them further," Bezos said. Despite his warnings, Bezos also emphasized the need for continued investment in the future of technology and innovation. He said that despite the risks involved, investing in new ideas and new technologies was essential for continued growth and advancement. "If we're not willing to take risks and make investments, then we're not going to have the advances that we need to keep moving forward," he said. Bezos' comments come at a time when many economists and analysts are predicting an economic slowdown in the near future. While some indicators, such as low unemployment rates and steady economic growth, suggest that the current economic expansion could continue for some time, others are pointing to signs of trouble such as slowing global growth and escalating trade tensions. Regardless of when or how a potential recession might occur, Bezos' advice to Americans to prepare themselves and their businesses for potential economic challenges is wise. By keeping debt levels low, staying diversified, and being cautious in their investment decisions, individuals and companies can better weather any economic storm that may come their way. https://inflationprotection.org/prepare-for-a-recession-bezos-advises-americans/?feed_id=84771&_unique_id=642d558c8401b #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #eveningnews #news #newsstation #newswithshepardsmith #shepardsmith #stockmarket #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #eveningnews #news #newsstation #newswithshepardsmith #shepardsmith #stockmarket #usnews #worldnews
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