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US Economy and Markets

There's a 70% chance of a US recession thanks to the Fed's fight against inflation and risks of a credit crunch, says Larry Summers

Mon, 04/17/2023 - 05:15

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Larry Summers — Lawrence Summers, then Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC.
Chip Somodevilla/Getty Images

Markets, MI Exclusive, Larry Summers, Treasury Secretary Larry Summers, Banking, Credit Crunch, Recession

Credit crunch fears are taking hold, fueling concerns of a crippling US recession. Here's why investors are so worried about lending drying up.

Sun, 04/16/2023 - 05:00

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Traders — Credit crunch fears are taking hold among US investors thanks to banking system turmoil.
(Photo by Michael M. Santiago/Getty Images)

Markets, MI Exclusive, Banking, Banking Crisis, us banking crisis, SVB, Credit Crunch

Elon Musk predicts a hard slog for the US economy over the next year as recession fears mount

Thu, 04/13/2023 - 05:55

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Elon Musk — Elon Musk.
Susan Walsh/AP

Markets, MI Exclusive, Stocks, Elon Musk, tesla, Recession, US Economy and Markets

Stocks are set to rally in the 2nd half of the year and it 'makes no sense' to assume prices have peaked, strategist says

Thu, 04/06/2023 - 09:30

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NYSE Traders — Brendan McDermid/Reuters

Markets, MI Exclusive, Stock Market Outlook, stock market outlook 2023, Stock Rally, Bull Market, stock market bottom

Inflation is about to drop hard as rents and housing prices tank, billionaire investor Barry Sternlicht says

Tue, 04/04/2023 - 13:46

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Barry Sternlicht — Barry Sternlicht, Chairman and CEO, Starwood Capital Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 3, 2022.
PATRICK T. FALLON/AFP via Getty Images

Markets, MI Exclusive, Inflation, US Economy and Markets, Recession, Housing Prices, Rent prices

The banking fiasco threatens lending, commercial real estate, and economic growth, Wharton professor Jeremy Siegel says

Tue, 04/04/2023 - 10:27

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Jeremy Siegel, Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, on an interview on December 30, 2014. — Jeremy Siegel.
Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

Markets, MI Exclusive, Stocks, Jeremy Siegel, Wharton School of Business, US Economy and Markets, Federal Reserve

The worst thing the Federal Reserve can do now is cut interest rates, top economist Mohamed El-Erian says

Tue, 04/04/2023 - 09:59

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Mohamed El-Erian, Chief Economic Adviser of Allianz appears on a segment of — Mohamed El-Erian.
Rob Kim/Getty Images

Markets, MI Exclusive, Mohamed El-Erian, Mohamed El-Erian inflation, fed inflation, Rate Cuts, fed interest rates

The US economy faces an 'everything problem' – and the Fed has only bad options, researcher says

Tue, 04/04/2023 - 07:31

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jerome powell frown — Jerome Powell.
Carolyn Kaster/AP

Markets, MI Exclusive, Stocks, US Economy and Markets, Federal Reserve, Interest Rates, Recession

Here's everything the Fed has done wrong in handling the economy and why its reputation is in tatters, according to Mohamed El-Erian

Mon, 04/03/2023 - 11:58

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Mohamed El-Erian — Mohamed El-Erian, CEO of PIMCO, speaks during a media briefing in central Sydney February 8, 2010
REUTERS/Daniel Munoz

Markets, MI Exclusive, Fed, Recession, Inflation, US Economy and Markets, economic outlook

BlackRock, Jeffrey Gundlach, and Jeremy Siegel have renewed recession warnings as banking turmoil leaves economic confidence in tatters

Sun, 04/02/2023 - 11:06

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global recession — BlackRock, Morgan Stanley and others warned about the threat of a recession.
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Markets, MI Exclusive, Recession, Jeffrey Gundlach, Mike Wilson, Morgan Stanley, BlackRock

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