The Inevitable Coming Recession and How To Prepare for It
News Analysis Former Goldman Sachs CEO Lloyd Blankfein added to recession talk after telling CBS on Sunday that an economic downturn is “a very, very...
U.S. Consumer Spending On Gasoline Has Doubled In 12 Months
The average U.S. household’s gasoline expenditure has jumped to $5,000 a year over the past 12 months, from $2,800 this time last year, according to...
Goldman Sachs Releases Recession Manual to Prepare Clients for Downturn
Goldman Sachs economists believe the chances of the economy entering a recession in the next two years is still low but the bank’s equity team...
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...
China’s Economic Slowdown Is Rippling All Around the World: WSJ
The country’s crumbling economic growth is being felt everywhere from German factories to Australian tourist spots; Apple and General Electric warn of production problems [ad_2]...
Beware a Global Economy with Little Fires Everywhere by Mohamed A. El-Erian
Rich countries have shown impressive unity in helping Ukraine counter the Russian invasion. They now need to demonstrate the same level of resolve to prevent...
Will the mighty dollar become a problem?
At a time when both U.S. stocks and bonds have sold off significantly, the U.S. dollar has exhibited considerable strength against most currencies. Thus far,...
Deutsche Bank Forecasts ‘Major Recession’ to Begin Late Next Year
Deutsche Bank has cautioned that a “major recession” is on the horizon in a note to clients on Tuesday. The Frankfurt-headquartered bank issued the stark...
Don’t Count on China to Bail Out the Global Economy If There’s a New Recession
Text size People buy food and household provisions at a supermarket in Beijing on April 25, 2022. Noel Celis/AFP via Getty Images About the author:...
U.S. Banks Set To Write Off $15 Billion In Russian Assets
As earnings season starts off, all eyes are on major U.S. banks who have emerged from the pandemic into a brand new reality that has...