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Credit Crunch

Loews CEO James Tisch uses a famous Warren Buffett quote to explain the banking fiasco - and warns more lenders may get into trouble.

Wed, 05/03/2023 - 08:03

warren buffett — Warren Buffett.
AP Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Banking Crisis, Bank failures

The Fed pursuing 2% inflation is an 'absolute trap' for the economy, 40-year market veteran says

Tue, 05/02/2023 - 12:09

A man walks past shop signs showing offers. It's an indicator of the rising cost of living. — US inflation rose to 8.3% in the 12 months to April 2022.
VIEW press / Contributor / Getty

Markets, MI Exclusive, fed inflation, Fed rate hikes, Recession, 2023 recession, recession outlook

Warren Buffett's business partner warns of a credit crunch in commercial real estate - and says it's a tough time to be an investor

Tue, 05/02/2023 - 07:18

Warren Buffet Charlie Munger Berkshire Hathaway — Warren Buffett (left) and Charlie Munger.
JOHANNES EISELE/Getty Images

Markets, MI Exclusive, Stocks, Real Estate, Commercial Real Estate, asset prices, Charlie Munger

Mohamed El-Erian warns of 'collateral damage' from the JPMorgan-First Republic deal, and points to 4 unintended consequences

Tue, 05/02/2023 - 06:53

Mohamed el-erian — Mohamed El Erian.
Photo by Rob Kim/Getty Images

Markets, MI Exclusive, Mohamed El-Erian, First Republic, JPMorgan, Banking sector, US banks

Billionaire Apollo co-founder Marc Rowan sees the 2nd wave of bank stress coming as commercial real estate concerns mount

Mon, 05/01/2023 - 16:01

Marc Rowan — Marc Rowan, Apollo co-founder.
Reuters

Markets, MI Exclusive, Marc Rowan, Banking Crisis, Commercial Real Estate, Credit Crunch, first republic bank crash

From a painful credit crunch to a meltdown in the commercial real estate market, here's what top economists are predicting for the coming months

Sun, 04/30/2023 - 08:45

jeremy siegel point — Wharton professor Jeremy Siegel.
Getty Images

Markets, MI Exclusive, Wharton professor Jeremy Siegel, Mohamed El-Erian inflation, Mohammed El-Erian, Recession, Credit Crunch

Elon Musk has called out the Fed more than 20 times for hiking interest rates too much. Here's a roundup of his attacks on the central bank.

Fri, 04/28/2023 - 08:28

Elon Musk — Elon Musk.
Brendan McDermid/Reuters

Markets, MI Exclusive, Stocks, Elon Musk, tesla, spacex, twitter

Brace for a recession by September, a 20% plunge in the S&P 500, and a painful credit crunch, top economist David Rosenberg says

Thu, 04/27/2023 - 11:06

David Rosenberg — David Rosenberg.
CNBC

Markets, MI Exclusive, Stocks, Stock Market Outlook, US Markets and Economy, David Rosenberg, Rosenberg Research

'Big Short' investor Michael Burry predicted a cash crunch. A top JPMorgan banker says that painful problem is fueling a banking crisis

Thu, 04/27/2023 - 07:55

Michael Burry big short — Michael Burry.
Jim Spellman/Getty Images

Markets, MI Exclusive, Stocks, Michael Burry, The Big Short, Scion Asset Management, JPMorgan

First Republic just revealed how SVB's failure rattled its business - and shared plans that may fuel fears of a credit crunch

Tue, 04/25/2023 - 08:13

office space bobs — First Republic's bosses expect to lay off 20% to 25% of the bank's employees this quarter.
YouTube / Office Space

Markets, MI Exclusive, Stocks, First Republic, Banking Crisis, Bank failures, Silicon Valley Bank

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