PANIC: Bloomberg Fatuously Cries Recession Rivaling ‘Great Financial Crisis’ Due to Iran War
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PANIC: Bloomberg Fatuously Cries Recession Rivaling ‘Great Financial Crisis’ Due to Iran War
The lefty media know that if they can scare commodity traders silly with their energy doom talk, the markets will run amok and they can point their fingers at President Trump and screech, “Orange man bad!” Enter Bloomberg News. Bloomberg News teed off its promotion of its May 21 newsletter by managing editor David Rovella with a nice dose of fearporn on X: “If the Strait of Hormuz doesn’t open by August, there may be a risk of a recession rivali…
If the Strait of Ormuz remains closed until August, this could lead to a severe economic recession in the markets, comparable in magnitude to the Great Recession of 2008, as oil reserves will continue to decline in September, Rapidan Energy Group analysts report to 'Bloomberg'.
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