Nouriel Roubini: Brace For The Double Dip Recession
Divided government implies less fiscal stimulus and no new taxes, Dr. Doom says. However, in his view, the economy is weakening as COVID continues.
Divided government implies less fiscal stimulus and no new taxes, Dr. Doom says. However, in his view, the economy is weakening as COVID continues.
Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling overpriced stocks that have come too far.
His bearish outlook is based mostly how ineffective he believes all the free stimulus money will ultimately be once quantitative easing hits a wall.
A billionaire investor like Tudor Jones won't necessarily ignite a crypto bull market, but it has lowered the fear factor of entering the space.
Bonds are too volatile relative to the tiny yields they offer. “One day’s price change is greater than one year’s yield,” Dalio said. Cash is as bad.
The S&P 500 "could easily dip into correction territory on Monday, it wouldn’t be surprising if that happened," says Schwab's head of trading.
There are strings attached: His victory needs to be accompanied by a “blue wave” that sweeps Democrats into the majority of both the Senate and House.