Jeff Bezos Makes Dire Predictions

The economy is worried for consumers and investors, and the former has punished tech company stocks in recent weeks by selling them off.

Consumers are heavily impacted by inflation, which is at its highest level in 40 years. This inflation affects the prices of almost all products and services. That urges caution. Aggressive central bank interest rate hikes to combat these price increases threaten to plunge the economy recessionsay some economists.

But for Jeff Bezos, the US economy is already in recession. Founder of Amazon (AMZN)- Get a Free Report It is well positioned to take the pulse of the economy as the e-commerce giant is a juggernaut serving consumers and businesses alike.

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