Loading ...Keep cash on hand, don’t buy TV, fridge this holiday season: Jeff Bezos
He said consumers should postpone buying big basket items and businesses should also go slow on acquisitions until the situation improves
“keep some dry powder on hand” during the coming holiday season as the US economy is likely to be in a recession soon
“The economy does not look great right now,” he said, adding, “Things are slowing down, you’re seeing layoffs in many, many sectors of the economy”. “The probabilities say if we’re not in a recession right now, we’re likely to be in one very soon.”