Bank of America CEO Predicts 'Shallow' Recession: US Consumer is 'Resilient'
BofA CEO Brian Moynihan said a "shallow" recession likely coming in 2023, despite other bank bosses warning that high inflation would sink economy.
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Economist Roubini Sees 'Mother of All Stagflationary Debt Crises'
Globally, total private- and public-sector debt as a share of GDP rose from 200% in 1999 to 350% in 2021, the economist Nouriel Roubini says.
Improbable Bets on Break of Hong Kong Dollar Peg Adding Up
"Tail risk": unlikely scenario of Hong Kong currency peg snaps. Bets on such shock are building in hedge fund world, some traders say makes sense.
Wall Street’s Top Strategist Mike Wilson Predicts a Double-Digit Percentage Drop
As S&P 500 lingers around 3,950 and Wilson's predictions become a reality, veteran investor is predicting things will fall a lot more.
BlackRock's Larry Fink is Worried About Economic 'Malaise' Ahead
BlackRock Chief Executive Officer Larry Fink is confident inflation will subside but fears the global economy is headed toward anemic growth.
Goldman Sachs Sees Stocks Enduring 'Less Pain but Also no Gain' in 2023
U.S. equity investors reeling from a disappointing year in the stock market may not have much to look forward to going into 2023.
Stagflation Will Rule 2023, Keeping Stocks in Peril
Stagflation is the key risk for the global economy in 2023, according to investors who said hopes of a rally in markets are premature.
