‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with...
U.S. inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readings
Just a day after Federal Reserve policy makers delivered their biggest rate hike in 28 years, the U.S. inflation outlook continues to look dire in...
Gold prices jump as dollar weakens, “risk off” mood dominates
Gold prices traded solidly higher on Thursday as stocks and bonds sold off, jerking higher following a spate of tepid economic data out of the...
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery....
Recession will hit in first half 2023, the Dow is headed lower: CFOs
Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy...
Investors may be in for a rude surprise: History shows inflation can take years to return to normal even when the Fed hikes interest rates above 10%
History can be a powerful tool, particularly in a high-inflation environment like this one in which no suitable economic model seems to apply. Inflation —...
Stephen Roach gives stagflation warning, calls peak inflation absurd
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads...
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market
Rising recession fears pushed U.S. stocks briefly into a bear market on Friday with the S&P 500’s decline from its all-time high in January reaching...
A ‘summer of pain’ for stocks? Nasdaq Composite could plunge 75% from peak, and S&P 500 skid 45% from top, warns Guggenheim’s Scott Minerd
The carnage playing out in the U.S. stock market is likely an amuse-bouche compared with the devastation on the menu for the bulls in the...
‘Nowhere near the bottom,’ top economist says as global markets crater
The Dow Jones Industrial Average plunged more than 1,000 points on Thursday. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this...