Economist Warns of Impending Recession, Citing High Prices, Slowing Growth

• The US economy won't avoid a hard landing recession, says economist Stephanie Pomboy, who predicted the 2008 crisis

• Consumers are already in a recession based on weak retail sales adjusted for inflation over the past 2 years

• Companies could see a "double-dip" profit recession as higher interest rates hit, just as earnings growth is already slowing

• Stocks have climbed nearly 30% over the past year despite just 4% earnings growth, disappointing rate cut expectations could hurt stocks

• Prices are unsustainably high, risks a dot-com or 2008-style bubble pop, per economists like Rosenberg