If there needs to be a U.S. recession to bring down inflation to appropriate levels, the Fed would be cool with that, says one Wall Street pro.
Investors often hear that despite market crashes, stocks tend to go up over time. But tell that to investors watching their portfolios decline.
The Swiss bank is under pressure after numerous scandals have cost it several billion dollars.
Private messages between the billionaire and peers depict his process when he has an idea.