{"id":73426,"date":"2020-03-20T00:39:16","date_gmt":"2020-03-20T04:39:16","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=73426"},"modified":"2020-03-20T00:40:03","modified_gmt":"2020-03-20T04:40:03","slug":"bank-of-america-says-the-recession-is-already-here-jobs-will-be-lost-wealth-will-be-destroyed","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2020\/bank-of-america-says-the-recession-is-already-here-jobs-will-be-lost-wealth-will-be-destroyed.html","title":{"rendered":"Bank of America Says The Recession Is Already Here: \u2018Jobs will be lost, wealth will be destroyed\u2019"},"content":{"rendered":"<p>(CNBC) Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable \u2014 it\u2019s already here. \u201cWe are officially declaring that the economy has fallen into a recession &#8230; joining the rest of the world, and it is a deep plunge,\u201d Bank of America U.S. economist Michelle Meyer wrote in a note. \u201cJobs will be lost, wealth will be destroyed and confidence depressed.\u201d<\/p>\n<p>To read this article:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable \u2014 it\u2019s already here. \u201cWe are officially declaring that the economy has fallen into a recession &#8230; joining the rest of the world, and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73426","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/73426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=73426"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/73426\/revisions"}],"predecessor-version":[{"id":73448,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/73426\/revisions\/73448"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=73426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=73426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=73426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}