Jeff Bezos: U.S. approaches to recession


November 15, Fineko/ Billionaire Jeff Bezos, the founder of Amazon, warned about impending recession in the U.S. and advised humanity to accumulate cash in the event of recession in the global economy.

ABC.AZ reports that the billionaire said this in an interview for CNN.

"The economy is not looking very good right now. You can see it for yourself – cuts are taking place in many areas of the economy," he said.

Bezos recommended postponing large purchases, such as new televisions, refrigerators and cars, given the risk of economic situation worsening.