- Jeff Bezos warned the US economy is likely to slump in a painful recession.
- Amazon’s billionaire founder advised consumers and businesses to delay purchases and stockpile cash.
- Bezos recently suggested it was time to “batten down the hatches.”
Jeff Bezos has warned a US recession is looming, and advised consumers and businesses to stockpile cash in case there’s a devastating downturn.
“The economy does not look great right now,” Amazon‘s billionaire founder and executive chairman told CNN on Saturday.
“Things are slowing down, you’re seeing layoffs in many, many sectors of the economy,” he continued. “The probabilities say if we’re not in a recession right now, we’re likely to be in one very soon.”
news.yahoo.com/amazon-founder-jeff-bezos-warns-150704970.html
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