The predictions are in. The smart people agree; the U.S. economy is in trouble.
Message From Davos: The Recession Is Coming
A full-blown, prolonged recession in America is now inescapable, with the rest of the world set to be dragged into a severe global slowdown despite yesterday’s emergency US interest rate cut by the Federal Reserve, leading economists said in Davos this morning. A darkening outlook for the global economy looked [...]
There was one bit of good news today:
Stocks Recover From Sharp Losses
Wall Street pulled off a stunning comeback Wednesday, surging higher in late trading and wiping out what looked to be yet another precipitous decline. The Dow Jones industrials, down more than 323 points in earlier trading, ended the day with an advance of just under 300 points, according to preliminary calculations. While such volatility has become [...]
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