The Epoch Times The U.S. economy is heading for a “very serious” recession later this year that may be the “worst downturn” since the late 1990s, according to a venture capitalist.
Craft Ventures co-founder and general partner David Sacks said that “sentiment is so negative” right now “because the market has sort of collectively realized that the highs that we saw last year were artificial.”
“They were the result of the Fed and Congress and the administration pumping $10 trillion of liquidity into the marketplace,” he told Fox Business on Thursday…
