The Junk Asset Class Yet To Implode

As Warren Buffett says, “Only when the tide goes out do you discover who’s been swimming naked.” Now that the tide is receding as fast as it ever does, the list of exposed asset classes is getting long: meme stocks, speculative tech stocks, crypto, NFTs, and so on. Not since the dotcom bust of 2000…

Producing Our Way Out Of Inflation

Color poster featuring a photo by Howard Liberman of an African American and a Caucasian laborer … [+] working side by side in an aircraft factory, 1943. In the background is an American flag, and the copy reads ‘United We Win’. (Photo by PhotoQuest/Getty Images) Getty Images Give Larry Summers credit. He says the quiet…

Navigating The Storm While The Economy Cools

A cashier at a Travelex Bureau de Change counts U.S. Dollars (Photo by Ian Waldie/Getty Images) Getty Images The Federal Reserve made a bold decision to raise interest rates 75 basis points, the biggest increase since 1994, as they aim to get the economy back on track and inflation under control. Recently, we’ve seen commentary…

Stock Market Could Crash Another 20% If U.S. Plunges Into Recession—These Industries Are Most At Risk

Topline As a growing number of investment banks and company chiefs warn that the likelihood of a recession is increasing, analysts at Morgan Stanley are telling clients that the stock market—despite reeling from a steep selloff in recent weeks—has plenty of room to fall before hitting levels consistent with recession-era lows, which would be especially…

Welcome To The Real Bear Market

A bear rests on top of a downward pointing stock chart. getty Stocks continued their descent last week, with the S&P 500 now well into bear market territory at -23% from the high. While most define bear markets as a decline of 20% from the high, some pullbacks just kiss that level or don’t result…