Quarter 3 Recession

This author also predicts a recession will occur in the 3rd quarter of this fiscal year due to the following reasons:

1.The impact of laying off hundreds of thousands of government workers will trigger a calvacade of consequences inclusive of high unemployment.

2.In parallel to the government layoffs, AI is silently taking away jobs from the private sector. As more AI bots are created the need for humans to hold jobs with highly repetitive tasks decreases significantly. The Veterans Affairs is planning to layoff thousands of workers in June.

3.Combining points 1 and 2 will trigger a calvacade of consequences. The unequal imbalance of jobs lost in both the public and private sector will result in high unemployment rates, mortgage defaults, foreclosures and unfortunately an increase in crime, both nationally and internationally.

4.The tariffs being placed on Canada, Mexico and China which go into effect in April will result in a decrease in consumer spending and an additional increase in inflation.

5.The uncertainty involved with the turmoil of these events will result in investors pulling their money out of the stock market and into alternative investments which promote shorting the market.