A recession looms as the holiday season approaches in the Western world. This is the season when Americans and Europeans spend their annual bonuses on big-ticket items like travel and consumer goods. However, now is not the time, according to Jeff Bezos, owner of the world’s largest e-commerce platform Amazon, and his fellow Americans. He warned that a recession is on the way, and that people should save some money.
The world’s richest man advised consumers to avoid unnecessary spending in the coming months in an interview with CNN. He advised American families to avoid large-ticket purchases such as cars and televisions because the economy is in a slump.
“If you are an individual thinking about purchasing a large-screen television, perhaps you should take your time, save your money, and see what happens.” The same goes for a new refrigerator or a new car. Simply take some risk off the table,” Bezos explained.
He advised small business owners to postpone planned investments in new equipment and build cash reserves to weather the recession. “Take as much risk off the table as you possibly can,” he advised. “Hope for the best, but brace yourself for the worst,” Bezos said in a CNN interview that aired this week. In the same interview, Bezos committed to donating the majority of his $124 billion fortune to fight climate change and support people working to unite humanity at a time when society is divided by deep social and political divisions.
Previously, Elon Musk, CEO of Tesla, SpaceX, and Twitter, predicted a recession and a decline in the economy. “There will probably be a year or two of serious recession,” he predicted. “To be honest, the economic picture ahead is bleak, particularly for a company like ours that is so reliant on advertising in a difficult economic climate,” Musk added.
Looking at the current economic situation, the onset of a recession appears to be not far off. Amazon, Twitter, Meta, Microsoft, and Apple have all laid off large numbers of employees in recent weeks. While Twitter laid off nearly half of its global workforce, Mark Zuckerberg announced plans to lay off approximately 13,000 people from Meta platforms such as Facebook, Instagram, and WhatsApp. Amazon CEO Andy Jassy also confirmed mass layoffs at Amazon in a public post and stated that the tech behemoth will lay off more employees in the coming months.
- Vacation that is “unlimited” Every employee will adore Microsoft’s new leave policy.
- The world’s first flying car has been approved by the US government
- Gear Up for Upgrades: What to Expect from the iPhone 16
- 8000 years old temple and altar of sacrifice found in Saudi Arabia, know which deity was worshiped.
44 comments
great article
Wow, superb blog layout! How lengthy have you ever been blogging for?
you made running a blog look easy. The whole glance of your site
is great, let alone the content material! You can see similar here e-commerce
Hi there! Do you know if they make any plugins to assist with
Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success.
If you know of any please share. Cheers! You can read
similar article here: Sklep internetowy
Outstanding feature
An interesting dialogue is worth comment. I think that you need to write more on this subject, it won’t be a taboo subject but usually persons are not sufficient to speak on such topics. To the next. Cheers
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
Simply wanna remark on few general things, The website layout is perfect, the subject material is very wonderful : D.
Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a bit, but instead of that, this is wonderful blog. An excellent read. I will certainly be back.
Great goods from you, man. I’ve understand your stuff previous to and you are just too fantastic. I really like what you’ve acquired here, really like what you’re stating and the way in which you say it. You make it enjoyable and you still take care of to keep it wise. I can not wait to read much more from you. This is really a great website.
What is Leanbiome? LeanBiome is a dietary supplement that is formulated with nine critically-researched lean bacteria species.
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
I used to be more than happy to find this internet-site.I wanted to thanks for your time for this excellent read!! I undoubtedly having fun with each little little bit of it and I have you bookmarked to take a look at new stuff you weblog post.
Howdy! Someone in my Facebook group shared this site with us so I came to check it out. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Exceptional blog and outstanding style and design.
Hello! Someone in my Facebook group shared this site with us so I came to take a look. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Outstanding blog and outstanding design.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
Tonic Greens: An Overview. Introducing Tonic Greens, an innovative immune support supplement
What Is LeanBiome? LeanBiome, a new weight loss solution, includes beneficial strains of gut bacteria that work fast for weight loss.
Thanks, I have just been looking for information approximately this subject for a while and yours is the best I have came upon so far. But, what concerning the bottom line? Are you sure concerning the source?
What is Java Burn? Java Burn, an innovative weight loss supplement, is poised to transform our perception of fat loss.
What Is FitSpresso? FitSpresso is a natural weight loss supplement that alters the biological cycle of the body to burn more calories and attain a slim and healthy body
Perfect piece of work you have done, this site is really cool with wonderful info .
I have been exploring for a little for any high quality articles or blog posts on this sort of house . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i am happy to exhibit that I have an incredibly excellent uncanny feeling I found out just what I needed. I such a lot for sure will make sure to do not disregard this site and provides it a glance regularly.
Sweet blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thank you
Wow! Thank you! I always needed to write on my website something like that. Can I include a fragment of your post to my website?
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
you’re really a good webmaster. The web site loading speed is incredible. It seems that you’re doing any unique trick. In addition, The contents are masterpiece. you’ve done a excellent job on this topic!
Hello.This article was really motivating, particularly since I was looking for thoughts on this matter last Sunday.
Woh I enjoy your blog posts, saved to fav! .
Good day very nice blog!! Guy .. Beautiful .. Superb .. I’ll bookmark your site and take the feeds also?KI’m satisfied to seek out so many useful info right here within the put up, we want develop more techniques on this regard, thank you for sharing. . . . . .
Lottery Defeater Software: What is it? Lottery Defeater Software is a completely automated plug-and-play lottery-winning software. The Lottery Defeater software was developed by Kenneth.
Its great as your other content : D, thankyou for putting up.
Very interesting info!Perfect just what I was searching for!
Perfect piece of work you have done, this website is really cool with superb information.
Yay google is my king aided me to find this outstanding internet site! .
Perfectly composed articles, appreciate it for information. “In the fight between you and the world, back the world.” by Frank Zappa.
Generally I don’t read post on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, very nice post.
I went over this internet site and I believe you have a lot of great info, bookmarked (:.
What i do not understood is actually how you’re not actually much more well-liked than you may be now. You are so intelligent. You realize therefore significantly relating to this subject, made me personally consider it from numerous varied angles. Its like women and men aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs excellent. Always maintain it up!
Some times its a pain in the ass to read what website owners wrote but this site is very user pleasant! .
An interesting discussion is value comment. I feel that it’s best to write more on this topic, it won’t be a taboo topic but typically people are not enough to speak on such topics. To the next. Cheers
I got good info from your blog
great post, very informative. I wonder why the other experts of this sector do not notice this. You must continue your writing. I am sure, you have a huge readers’ base already!
You made some nice points there. I looked on the internet for the subject matter and found most guys will consent with your website.
I would like to show appreciation to you just for bailing me out of this type of difficulty. After researching through the world-wide-web and obtaining recommendations which are not powerful, I assumed my entire life was done. Existing without the answers to the problems you have fixed as a result of your good website is a crucial case, as well as those that might have negatively damaged my entire career if I hadn’t discovered your web page. Your good expertise and kindness in taking care of all things was tremendous. I don’t know what I would’ve done if I had not discovered such a solution like this. I can also at this point relish my future. Thanks a lot so much for this impressive and results-oriented help. I will not be reluctant to refer your site to anyone who desires recommendations about this matter.