Tag Archives: Doom

(Bloomberg) — Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500. Most Read from Bloomberg “Even in a plain vanilla recession, the S&P 500 can fall by 30%,” said Roubini, chairman and chief executive officer of Roubini Macro Associates, in an interview Monday. In “a real hard landing,” which he expects, it… Source link

President Biden and the Democratic Party face no shortage of challenges heading into the 2022 midterm elections. But inflation is by far the most formidable — and now, according to a new Yahoo News/YouGov poll, Americans say that Republicans (31%) rather than Democrats (26%) can do a better job of “fixing” it. The survey of 1,605 U.S. adults, which was conducted from April 19 to 22, found that 39% select either inflation (33%) or gas prices (6%) as the biggest problem facing America… Source link

TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other investments and analyst expectations over the next two years. He sees the S&P 500 hitting 4,600 by the end of 2022, which would represent a 25% gain.Backing… Source link