The Treasury Market’s Big Recession Trade Is Gathering Momentum t.co/zqyC6W6Dus pic.twitter.com/1zlmZ8oTvG
— Gregory Daco (@GregDaco) November 27, 2022
Get ready for a prolonged downturn that’s worse than 2000 or 2008, billionaire VC Doug Leone says
- Sequoia Capital partner Doug Leone warned today’s economic downturn was “more difficult and more challenging” than recessions in 2000 and 2008.
- Tech leaders and investors have been forced to reckon with higher interest rates and deteriorating macroeconomic conditions.
- Leone said he doesn’t expect the economy to recover until at least 2024.
h/t Player89
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