‘Hold onto your cash’: Jeff Bezos warns chances are you’ll wish to rethink shopping for a ‘new vehicle, fridge or no matter’ proper now — check out these 3 recession-proof buys as an alternative
Amazon founder and govt chairman Jeff Bezos is sounding the alarm, telling CNN the financial system “does not look good right now.”
“Things are slowing down. You’re seeing layoffs in many, many sectors of the economy,” Bezos mentioned in an interview.
Amazon, Meta, Alphabet, Salesforce and Microsoft have all introduced hundreds of layoffs, however because the billionaire notes, it is not simply massive tech. And meaning you would possibly wish to tighten up your funds.
“If you’re an individual considering purchasing a big-screen TV, you might want to wait, hold onto your money, and see what transpires,” Bezos recommends. “The same is true with a new automobile, refrigerator, or whatever else. Just remove some risk from the equation.”
That’s not signal for buyers. But not all companies are created equal. Some…
2023-01-22 11:00:00 Jeff Bezos warns chances are you’ll wish to rethink shopping for a ‘new vehicle, fridge or no matter’ proper now — check out these 3 recession-proof buys as an alternative
Article from finance.yahoo.com