Spencer Platt / Getty Images BofA’s fund manager survey indicates investors are pivoting away from stocks to bonds. Bond allocations were lifted to a net 10% overweight on concerns of a recession and credit crunch. Meanwhile, a net 63% of ...
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JPMorgan boss Jamie Dimon says recession risks have increased after the bank crisis and there are more storm clouds ahead for the US economy
BrightJamie Dimon is the CEO of JPMorgan Chase. Employees at America’s biggest bank say that suspicion and fear have engulfed the firm, stemming from its data-collection efforts. Misha Friedman/Getty Images Jamie Dimon sees higher recession odds after March’s banking turmoil. ...
‘Dr. Doom’ Nouriel Roubini says Fed rate hikes are a ‘megathreat’ to the US economy
BrightNouriel Roubini AP Images Nouriel Roubini says the economy is headed for a crash. The “Dr. Doom” economist says interest rate hikes and a mountain of debt will lead the US into a recession. In an interview with Bloomberg, Roubini ...
The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
BrightGary Cohn. David Swanson/Reuters The Federal Reserve is outsourcing monetary policy, former White House adviser Gary Cohn said. It’s betting that tighter lending in the banking sector will act as a brake on the economy, he told CNBC. But this ...
The Fed is ‘behind yet again’ as hot inflation data signals bad news for stocks, bonds and economy, Mohamed El-Erian says
BrightMohamed El-Erian. Photo by Rob Kim/Getty Images More hot inflation data is putting the Fed “behind yet again,” according to economist Mohamed El-Erian. He told Bloomberg TV on Friday that the latest reading is “bad news across the board.” He ...