I'm convinced industry captains are given stronger indicators from the government that a recession is happening. Yes, they have amazing advisors that could feel this out naturally. I also think senators and representatives tell them directly to prepare before the average consumer gives this forethought.
It's in the government's best interest to support those with capital. All the rest of us be damned.
Maybe. But it's important to bear in mind that when a CEO tells the public something, their goal is to manipulate the public in a way that is beneficial to their company. They might happen to be telling the truth, but that's incidental.
So when Jeff Bezos says, "Batten down the hatches," he's not actually saying it to prepare us for recession.
It's in the government's best interest to support those with capital. All the rest of us be damned.