WillRhind FTC crypto recession A 'real recession' is likely in 2023, with 'layoffs filtering through the economy' - Will Rhind
- The U.S. unemployment rate remains low at 3.7 percent, but a weakening economy and higher interest rates will trigger layoffs, causing a"real recession" in 2023, said Will Rhind, Founder and CEO of GraniteShares.
Companies like Meta, Twitter, and Google have been laying off workers, and this"white collar" drop in consumer demand will drive job losses, said Rhind. "What oil has really struggled with is the Chinese situation, I think more than anything else," he said."You see big demand destruction from China with all the lockdowns."
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