<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2045119522438660&amp;ev=PageView&amp;noscript=1">

"All of this is why Chris Watling, the chief executive officer and chief market strategist of Longview Economics, told Bloomberg Television that he puts the chance of a recession anytime soon at a slim 10% to 15%. “It’s not my central case,” he said of a recession. “There is too much cash on the sidelines in terms of in people’s bank accounts. Yes, we’ve had a bit of an oil price spike and we got a gas price spike and these are issues, but if you listen to what the CEOs of American banks are saying … people of all income levels have much more cash in the bank then they had pre-pandemic, so there is a cushion.”   

Read the full article HERE

Subscribe

Get the latest press coverage and blog updates to your inbox.