With Black Friday already on Friday, ideas of what to buy at a discount are starting to pop up, but is it a good day to buy any product? Jeff Bezos, founder of Amazon, warns that it may not be a good idea to increase spending, even as the holiday season approaches.
The current economic context in which we live was the reason that prompted the businessman to advise us to be more careful and think about what we buy this year and to be aware and prepared for what could happen in 2023, as he revealed in an interview with CNN.
“If you’re thinking of buying a big screen TV, think again, save the money, and wait and see what happens. Same with a refrigerator or a new car or whatever. Just take the risk,” Bezos cautioned when explaining that we must take the risk. Consider the possible setback of our financial possibilities.
“We’re not in a recession yet, but we’ll probably be very soon,” he commented Billionairand provide this reason for employees to prepare for the future.
Advice is left not only to individuals but also to business people. Jez Bezos recommended that those who have a “small business” rethink the need to buy immediately. “It may be better to postpone some purchases,” he stressed.
These recommendations were made by one of the richest men in the world to his company, which plans to lay off about 10,000 people around the world, which According to The New York Times.
To further prepare for an economic downturn, Amazon told Wall Street in October that it expects lower-than-expected revenue in late 2022, citing rising inflation and weak consumer demand as reasons.
Bezos is not alone businessman Millionaire warns of recession. Twitter and Tesla owners are also concerned about what the world may face in the coming years. CEO Elon Musk has stated that Tesla will miss its sales growth target as Europe and China find themselves in a “slump”. Already in October, CEO Jamie Dimon warned that the US could face a major crisis that, he said, would arrive in just six to nine months.
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