Is the Omicron Variant Already Hurting the Economy?
Incoming economic data could begin to show the latest variant is starting to weigh on the economic recovery to an extent not priced into stocks.
Incoming economic data could begin to show the latest variant is starting to weigh on the economic recovery to an extent not priced into stocks.
Fed Chair Powell's acknowledgement that 'transitory' is the wrong word for our inflation may be too little, too late, economist Mohamed El-Erian says.
Summers, who has been warning of dangers of elevated inflation for months, said it would be very hard for the Fed to rein in excessive price gains.
Inflation is not "transitory" and the risks of central banks making a strategic error have increased. The former PIMCO CEO bemoans lost opportunities.
It’s all dreamland that’s been supported by interest rates that aren’t where they should be. - Bill Gross
The banks’ headstart on information technology has become their Achilles’ heel. In the early 2000s, the willingness of banks to invest in IT subsided.
“A bear market is required at this point,” Gartman said on Bloomberg Radio. "...he or she who loses the least amount of money will be the winner.”