Jamie Dimon said, “I want to point out the central banks 18 months ago were 100% dead wrong,” he added, “I would be quite cautious about what might happen next year….” The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions. The Fed’s record of predicting recessions […]
Nation’s Largest Commercial Banker Blasts World’s Largest Central Banker Read More »
The billionaire founder of Bridgewater Associates, the world’s largest hedge fund, flagged America’s record $33 trillion of debt as “risky.” Ray Dalio is worried about America’s borrowing binge and economic growth cooling. The billionaire investor warned of a “debt crisis” and a “meaningful slowing of the economy.” Dalio has previously flagged interest rates, civil unrest,
One important economic indicator that’s currently flashing hasn’t appeared since the 1930s during the height of the Great Depression. A growing amount of data indicates that a gigantic economic crisis could be right around the corner. The latest economic data shows the annual M2 money supply growth rate has been negative for the past three quarters, meaning
New Data Reveals a Crash Not Seen Since Great Depression Could Hit in 2024 Read More »
“In my book is incoming stagflation and that’s been holding gold up at these levels,” he said. “We have said before, but now is the time to be patiently bullish on gold.” The gold market has room to fall further and even test support at $1,800 an ounce after falling below $1,900 for the first time since
Gold’s Selloff Doesn’t Change the Long-Term Bullish Outlook – Saxo Bank Read More »
I’m not sure if the world is prepared for 7%. Deutsche Bank economists put the odds of a U.S. recession “near 100%,” and warned that “avoiding a hard landing would be historically unprecedented.” Bank of America said last week that investors were dumping stocks at the fastest pace since the end of 2022 amid concern that higher-for-longer rates would raise
Stock investors aren’t paying attention to “demons on the horizon,” Jeffrey Gundlach says. The DoubleLine Capital boss sees a recession next year as companies and consumers feel the squeeze. “The economy is only growing because we have a budget deficit that is 8% of GDP,” he said. “It’s about the same today as the depths
The inverted yield curve on U.S. Treasuries has been flashing warnings about the economy for some time now. 10-year yield has been below the 3-month rate for 212 trading days. Such an inversion telegraphed the last eight recessions. And on Sept. 14, the market surpassed the 1980 record to hold that way for the longest
The Bond Market Has Never Sounded Recession Alarms for This Long Read More »
Topping his concerns include central banks reining in liquidity programs via “quantitative tightening,” the Ukraine war, and governments around the world “spending like drunken sailors.” “If and when you have a recession, which you’re eventually going to have…,” Dimon said. “In a normal credit cycle, something always does worse than expected,” he added. “I think
Prices will make a move and hit $5,000 an ounce within three years, according to Michael Lee, Founder of Michael Lee Strategy. … The macro data the market is basing its estimates on looks manipulated or flawed by design, according to Lee. “For a lot of the United States, they’re already in recession,” “Every single
Stocks could crash nearly 50% as a severe recession sets in, Milton Berg has warned. The veteran technical analyst flagged investor complacency and more banking woes as risk factors. Berg expects the S&P 500 to plunge below its level in October and approach its pandemic lows. The S&P 500 could crash nearly 50% as the
