Post by sevenofnine on Apr 27, 2022 15:07:54 GMT -5
This is pretty bad if turn out be PUtin bank saying this LOL!
A major recession is coming, Deutsche Bank warns
New York (CNN Business)Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a "mild" one.
Now, it's warning of a deeper downturn caused by the Federal Reserve's quest to knock down stubbornly high inflation.
"We will get a major recession," Deutsche Bank economists wrote in a report to clients on Tuesday.
The problem, according to the bank, is that while inflation may be peaking, it will take a "long time" before it gets back down to the Fed's goal of 2%. That suggests the central bank will raise interest rates so aggressively that it hurts the economy.
"We regard it...as highly likely that the Fed will have to st
Ang: I thought I had an account under "Ang" (I think since 2015) but then when this forum switched to ProBoards I lost access. :( Been awhile. So finally made a new account. What happened? However, maybe it was another Christian forum that I lost the url to.
Jun 24, 2023 10:20:10 GMT -5
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angellady56: Amen to this
Jan 16, 2023 12:48:44 GMT -5
Cindy: I praise You, O God, for Your mighty acts, Your excellent greatness, and Your holy character. You are eternal, sovereign Lord and King of all creation. There are no other gods before You!
Jan 9, 2023 10:55:16 GMT -5
Deleted: Thank you Jesus
Jan 8, 2023 7:56:48 GMT -5
Cindy: Not all the blood of beasts on Jewish altars slain; Could give the guilty conscience peace, or wash away the stain. But Christ, the heav’nly Lamb, takes all our sins away; A sacrifice of nobler name and richer blood than they.—Isaac Watts
Sept 28, 2022 9:01:08 GMT -5
Cindy: I am a servant of the God of heaven; my business is to persuade sinners to repentance. I am commanded to do my endeavors to turn men, women, and children, from darkness to light, and from the power of Satan unto God. The pilgrim's progress
Jul 13, 2022 10:10:21 GMT -5