During the “Overtime” segment of Friday’s HBO “Real Time” show, host Bill Maher said the prospects for avoiding a recession didn’t look good and pointed out that people are already losing ” a lot of money” in the market.
Gillian Tett, chair of the Financial Times’ US editorial board and editor-in-chief, responded to a viewer’s question about rising mortgage rates and the Federal Reserve’s monetary policy by stating that the Federal Reserve is between ” the hammer and the anvil, in this inflation has risen. If he doesn’t act, it could get worse. But if he acts too quickly, it will essentially tip over…”
Maher then interrupted to ask, “Are we going to have a recession? I mean, I see we were already losing a lot of money in the market, right? »
Tett replied that we had lost money in the market and that there would “probably” be a recession.
Maher then asked, “And how long is this going to last?” Will it be bad, or -? »
Tett replied: “It all depends on what happens, things like the war in Ukraine, elsewhere, in China. China is slowing down, it’s quite important for the global economy. It’s not looking very good.
Maher responded to Tett’s assessment that things didn’t look solid by stating “No” in agreement.
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