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Bitcoin.com 04 Aug 2024

Macroeconomics Expert Predicts Hard Landing for US Economy 🇺🇸

U.S. economy Kitco News George Gammon USA Banking

Despite recent positive economic indicators, George Gammon, a respected investor and macroeconomics expert, predicts a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon cited several warning signs in the banking sector and broader financial landscape. Gammon expressed concerns over mounting economic storm clouds seen by banks, indicating potential risks in the near future. He emphasized the disconnect between current positive indicators and underlying economic vulnerabilities. This prediction comes despite some optimistic signals, suggesting that the U.S. economy may face significant challenges ahead.

Source: news.bitcoin.com ↗

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