Goldman Sachs CEO David Solomon warned Tuesday that the U.S. economy might be headed for a downturn that could make investing and business decisions more difficult. “I think it’s a time to...
Tag: Recession
Data Shows US Economy Shrinks Amid Recession while Crypto Surges in Bearish Rally
The NY Empire State Index, which shows the state of business conditions in New York, on Monday released a new data indicating a significant weakness in the US economy. The data showed that manufacturi...
Recession? No – Interest Rates Still Too Low
The poky Fed interest rate elevator has far to go getty To cause a recession, short-term interest rates need to be much higher. Despite the Federal Reserve’s rate-raising, the inflation-friendly...
98% of CEOs Preparing for US Recession — Confidence at Lowest Level Since Great Recession – Economics Bitcoin News
The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 an...
Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as ...
Classic 60/40 investing strategy sees worst return in 100 years. How about 40/60?
Rules of thumb in investing appear to no longer apply in the carnage of 2022 in financial markets. Advocates for the 60/40 portfolio split, designed to capture the upside of stocks, but offer investor...
What Does A Recession Mean For The Average Person?
| Getty Images Key Takeaways During a recession, the entire economy is down, and everyone feels the impact in one way or another. With less money in circulation, the unemployment numbers rise, leaving...
What bank earnings tell us about how consumers are doing with high inflation, recession worries — ‘It’s not a crack in current numbers’
For all the worries about inflation’s pinch and the chance of a recession, just-released earnings reports from big banks indicate the wallets of many regular Americans are generally holding up as they...
Everyone’s been waiting for a global recession and we might have just hit a ‘tipping point,’ major energy body says
Last week’s fateful decision by a coalition of petroleum-exporting nations to cut back on oil production could be the powder keg that sets off a global economic downturn, a global energy watchdog says...
Fed’s benchmark interest rate may peak above 5% after Sept inflation data, some economists think
When the Federal Reserve started to raise its benchmark policy interest rate by super-sized 0.75 percentage points in June this year, a few Fed officials and private sector economists talked about how...
Rare Massachusetts Tax Refund Raises Interesting Question About Surplus Revenue
George Washington Monument at Public Garden in Boston, Massachusetts. getty Massachusetts taxpayers are getting a rare refund thanks to a 1986 law that requires the state government to refund tax reve...
The Best ETF For A Recession In 2022
The Index of Bonds on The Screen. getty Generally, recessions are bullish for bonds. Which makes this 3.8% bond yield a “best recession bet.” Why are we talking bonds in a year where they have all bee...
Will Chronoly (CRNO) outrun Dogecoin (DOGE) during the global recession?
Amid looming threats of a global recession, crypto investors are looking for the right digital asset to safeguard their money. Most of the top cryptocurrencies have already fallen by up to 90% from th...
Will Bitcoin Tank If A Recession Hits, IMF Issues Warning
The crypto market has been showing signs of decline recently as prices of Bitcoin and other crypto assets keep dropping. With the hikes in interest rates from most of the global central banks, the glo...
UK GDP Shrinks Unexpectedly, Recession Alarm Goes Off
In an unexpected turn, the UK’s GDP has shrunk by 0.3%. The monthly estimates revealed by the Office of National Statistics reveal an MoM change of -0.3% in August. The GDP was expected to be at 0% Mo...
IMF Reduces Expectations of Global Economic Growth for 2023, Alarms for Recession
Recently the International Monetary Fund came up with a crucial insight which is sufficient to put the market into distress. The IMF expected a slump in the growth of the global economy for the upcomi...
Has the auto industry already priced in a recession?
Auto industry is somewhat insulated from the impact of an economic downturn even though the constituent stocks haven’t done all that well this year, says Mark Fields – the former CEO of Ford Motor Com...
US heading for recession within months, warns JPMorgan chief
JPMorgan Chase and Company President and CEO Jamie Dimon – EVELYN HOCKSTEIN/REUTERS The US is heading for recession within months, the chief executive of America’s biggest bank has said as...
Fed Acknowledges Rate Hikes Will Fuel Unemployment—But Warns Inflation Could Cause ‘Far Greater Economic Pain’
Topline Ahead of a critical inflation reading, the Federal Reserve on Wednesday indicated it would continue an aggressive interest rate hiking campaign until there was more clear evidence that inflati...
I’m the US chief economist at Vanguard, and here are 5 things investors should consider now amid high inflation
“High inflation is unlikely to become a permanent feature of the economy,” said Vanguard’s U.S. chief economist and head of portfolio construction Roger Aliaga-Diaz. Vanguard Despite the Federal Reser...
IMF Warns of Bad Recession, Could BTC Go On Sale? (Opinion)
The IMF downgraded its projections for the global economy Tuesday, warning in stark terms: “The worst is yet to come, and for many people, 2023 will feel like a recession.” As the old joke goes: “A re...
Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you know,...
Odds Of Global Recession: ‘98.1%.’ Broader Picture ‘Concerning.’
The moon rises next to the European Central Bank in Frankfurt, Germany, Monday, Oct. 10, 2022. It’s … [+] a wonder they even have electricity at this point. (AP Photo/Michael Probst) Copyr...
What Does A Recession Mean For The Housing Market?
Key Takeaways Some analysts are putting the probability of a global recession as high as 98.1%. There are a number of factors pushing the economy this way, including a strong US dollar, the Fed’s inte...
JPMorgan CEO Jamie Dimon Warns Recession Could Hit in 6 Months, Stock Market Could Drop 20% More — ‘This Is Serious Stuff’ – Economics Bitcoin News
The CEO of global investment bank JPMorgan, Jamie Dimon, has warned that the U.S. economy could tip into recession in six to nine months. “This is serious stuff,” the executive stressed, adding that t...
Nasdaq Hits 2-Year Low As JPMorgan Billionaire Warns It Could Take Months For Stock Market To Bottom
Topline Major stock indices reached or neared multiyear lows Monday as the market continues to tank, and the head of the largest bank in the U.S. said the worst may still be on the horizon for stocks ...
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Jamie Dimon warns U.S. likely to tip into recession soon
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year
This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary pol...