A $145 billion chief economist says the US market is past its peak — and warns there's nothing else in the world that can step in to take its place

Nederland Nieuws Nieuws

A $145 billion chief economist says the US market is past its peak — and warns there's nothing else in the world that can step in to take its place
Nederland Laatste Nieuws,Nederland Headlines

Larry Hatheway, the chief economist at GAM Investments, says the US stock market has reached a stage where it's beyond its peak — and warns there's no other global market capable of filling the void.

 

So this chief economist is a pessimist. Probably a negative Democrat, too.

Job cuts announced by U.S. employers reached the highest level in more than three years in October, a possible warning sign that the strong U.S. economy is slowing,

Nederland Laatste Nieuws, Nederland Headlines



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