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Your wallet just got a warning from one of the most powerful men in media: get ready for a “financial hurricane.” IAC chairman Barry Diller dropped a bombshell Monday, predicting a deep recession that will hit our bank accounts and spending habits hard. The billionaire warns that the economy will “blow,” crashing consumers who are already stretched thin by inflation and high interest rates. If you’ve been planning a big purchase or relying on your savings, Diller’s blunt advice is to buckle up and cut back—because he believes this storm is coming for everyone, and there’s no shelter for our everyday costs.
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Your wallet just got a warning from one of the most powerful men in media: get ready for a “financial hurricane.” IAC chairman Barry Diller dropped a bombshell Monday, predicting a deep recession that will hit our bank accounts and spending habits hard. The billionaire warns that the economy will “blow,” crashing consumers who are already stretched thin by inflation and high interest rates. If you’ve been planning a big purchase or relying on your savings, Diller’s blunt advice is to buckle up and cut back—because he believes this storm is coming for everyone, and there’s no shelter for our everyday costs.