Recession

Jamie Dimon Says Americans Are on an Economic ‘Sugar High’—and He’s Urging Clients to Batten Down the Hatches and Prepare for Rates to Hit

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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 […]

Jamie Dimon Says Americans Are on an Economic ‘Sugar High’—and He’s Urging Clients to Batten Down the Hatches and Prepare for Rates to Hit Read More »

‘Bond King’ Jeffrey Gundlach Warns of ‘Demons on the Horizon’ for Stocks – and Predicts a Dollar Disaster and Recession Next Year

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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

‘Bond King’ Jeffrey Gundlach Warns of ‘Demons on the Horizon’ for Stocks – and Predicts a Dollar Disaster and Recession Next Year Read More »

The Bond Market Has Never Sounded Recession Alarms for This Long

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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

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“Jamie Dimon Says It’s a ‘Huge Mistake’ to Think Economy Will Boom with So Many Risks Out There”

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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

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Gold Price to Hit $5,000 in 3 Years, Watch the Default Wave Kick Off a U.S. Recession in Q4 – Michael Lee

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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

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The S&P 500 Could Crash Nearly 50% as a Brutal Recession Takes Hold, Veteran Technical Analyst Warns

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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

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Ominous News as 401(k) Hardship Withdrawals Rocket

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The number of people making “hardship” or emergency withdrawals from their 401(k) plans is soaring despite low unemployment and rising real wages… Withdrawals in the April-to-June second quarter leaped an astonishing 36% compared to the same three months a year earlier… Investment giant Vanguard, which recently revealed that hardship withdrawals among its clients “hit a new

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No Chance We’re Having a Soft Landing’: Stock-Market Strategist David Rosenberg Gives Powell’s Fed No Credit — and No Mercy

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“There is no chance we’re having a soft landing in the context of the most pernicious tightening by the Fed since the Paul Volcker years,” Rosenberg says. It’s equally interesting to hear Dimon talk about how great things are when the pace of bank lending, in the aggregate, is heading towards negative territory on a

No Chance We’re Having a Soft Landing’: Stock-Market Strategist David Rosenberg Gives Powell’s Fed No Credit — and No Mercy Read More »

Fed Economists Warn of Looming Disaster Due to High Interest Rates

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The Fed’s interest rate hikes have already precipitated a financial crisis. The central bank created an economy that depends on artificially low interest rates and periodic quantitative easing. It simply can’t function in a high-interest-rate environment. An economist at the Fed – According to their analysis, more than one-third (37%) of non-financial US companies are in

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The Gold Market Remains the Superior Safe Haven as the World Deals with Rising Debt, High Inflation and Recession Risks – Crescat Capital’s Tavi Costa

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Gold’s value compared to equities and bonds makes it the perfect portfolio diversifier. It’s only a matter of time before gold prices push well past $2,000 an ounce as the world continues to deal with higher interest rates, rising inflation pressures, and the global economy drowning in debt. “Gold relative to money supply itself is also absurdly

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