A Recession is Imminent According to 67% of CEOs Interviewed Yale CEO Summit

[DonViejo]

by Caleb Ecarma | Dec 17th, 2018, 10:10 am

During this year’s Yale’s CEO Summit — an off-the-record gathering of 134 of business leaders held in New York last week — nearly half of attendees who responded to a conference survey said the U.S. could wind up in a recession as early as the end of 2018, per The New York Times.

Their fears, per 67 percent of respondents, are caused by uncertainty in the current state of American politics and concern over the Trump administration’s recent spats with other countries over trade deals. Additionally, 75 percent of CEOs who answered survey questions admitted to apologizing to business associates from other countries for Donald Trump’s comments and said he is not pursuing America’s national security interests effectively, while 87 percent told the summit that the president’s deal-making approach is hurting America’s reputation with its allies.

Attendees who weighed in on the Huawei issue said that, while they support Canada arresting the Chinese cell phone manufacture’s CFO on a US warrant, they do not endorse Trump stepping in and disrupting the case.

Trump-related questions aside, 90 percent of the CEOs questioned also called for more regulation of the tech industry.

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https://www.mediaite.com/online/a-recession-is-imminent-according-to-67-of-ceos-interviewed-yale-ceo-summit/

[AJT]

1. Trump-related questions aside, 90 percent of the CEOs questioned also called for more regulation of

the tech industry..........followed immediately by "but less regulation on my industry."

[onenote]

2. I'm curious what definition of a "recession" they were using

[DemocratSinceBirth]

3. Two plus quarters of negative growth.

[onenote]

4. If that's the definition

How can anyone predict we'll be in a recession by the end of this year?

[Johnny2X2X]

6. End of next year is what they were surveying.

They do these surveys all the time. 2/3s saying a recession is imminent is a huge bump up.

[onenote]

8. Understood. But just trying to figure out this sentence.

"nearly half of attendees who responded to a conference survey said the U.S. could wind up in a recession as early as the end of 2018"

[Javaman]

5. I'm certainly not glad that a recession is on the way, but...

I am glad that the orange asshole will be directly blamed for it.

but I'm sure he will do all he can to blame it on the new Dems in the house.

[Stellar]

7. Hear, hear!! n/t.