REVENUE ISSUES
“THE RESULTING DISRUPTIONS IN THE FLOW OF INFORMATION ARE LIKELY TO CAUSE A GLOBAL RECESSION IN THE SAME WAY AS DID DISRUPTIONS IN THE SUPPLY OF OIL DURING THE 1970’S. THEREFORE, I AM RAISING THE PROBABILITY OF A GLOBAL RECESSION - ONE THAT COULD BE AS SEVERE AS THE 1973-74 DOWNTURN, MAYBE WORSE - FROM 60% TO 70%”
Source: Dr. Edward Yardeni, Chief Economist of Deutsche Bank