Outlook for the Economy: Recession on the Horizon

According to Kenny Polkari, a managing partner of Case Capital Advisors, while the government has managed to delay a recession through stimulus measures, one is still expected to arrive either at the end of this year or early next year. This will lead to spikes in unemployment and inflation, making it tougher for everyday Americans financially. The increase in interest rates will also impact housing, with mortgage rates reaching 8% soon, causing housing prices to come down and making homeowners more realistic about their expectations.