Speaking in an interview withon Thursday, the Rosenberg Research chief said a recession is certain to hit the world's largest economy and US stocks will dip back into a bear market when that happens.
He also ripped into the Federal Reserve for its"Bambi-to-Godzilla" approach toward inflation - where the central bank initially didn't react to a pickup in price pressures, only to end up raising interest rates by 500 basis points in 15 months subsequently.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samantha McLemore, who worked with Bill Miller for 20 years, finds value in these 2 stocksSamantha McLemore, Bill Miller's longtime co-manager who struck out to start her own fund, has her eyes on some of the most hated stocks in the market.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Dollar Tree, Amazon, FedEx and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »
China's Floundering Economy Triggers Plunge in Global Stocks and Oil PricesStocks and futures dropped across Asia, Europe, and the United States on Tuesday due to growing anxiety about the Chinese economy and the Communist regime’s refusal to deal honestly with its systemic problems.
Source: BreitbartNews - 🏆 610. / 51 Read more »
U.S. stocks open lower as Fed Powell testimony loomsU.S. stock indexes opened lower on Wednesday after posting back-to-back losses as investors weighed Federal Reserve Chair Jerome Powell’s latest comments on...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks close lower for third straight day, Nasdaq drops 1% as investors' optimism wanes: Live updatesThe S&P 500 was lower Wednesday as investors took a breather from last week’s market rally, and weighed Powell’s latest comments on inflation. The Dow shed 0.30%. The S&P 500 fell 0.52%. The Nasdaq plunged 1.21%.
Source: CNBC - 🏆 12. / 72 Read more »