Amazon founder Jeff Bezos told CNN in an interview which aired Sunday that he believes the United States is either already in the grips of a recession or is likely going to be in one “very soon,” advising both consumers and small businesses to de-risk and hold more cash.
“The probabilities say if we’re not in a recession right now, we’re likely to be in one very soon,” Bezos said in the interview, which came just days after fellow tech mogul Elon Musk warned of a “serious recession” that would last one or two years.
Bezos, who despite losing more than $68 billion so far this year amid the tech stock rout, still ranks fourth on the Bloomberg Billionaires Index, said he’s not sure if the country is “technically” in a recession….