Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "WealthTrack"


3 mentions found


Read previewGet ready for a recession that hammers consumers, squeezes companies, and drags down stocks, a veteran economist warned. "There is a very high probability of a recession," Nancy Lazar, Piper Sandler's chief global economist, told WealthTrack in a recent interview. Whenever that many states have recorded significant increases in joblessness in the past, there's been a nationwide recession, she noted. AdvertisementSeveral parts of the economy are "really, really struggling," Lazar continued. "If we have a recession, inflation will slow," she said.
Persons: , Nancy Lazar, Piper, WealthTrack, Lazar, you've, You've, Lazar said, there's, They've, I'm, I've Organizations: Service, Cornerstone Macro, Business, Fed Locations: joblessness
Grantham said AI was unlikely to interfere with the bubble bursting, but could limit the fallout. "I'm a little bit disturbed by the emergence of the kind of mini-bubble in artificial intelligence. We have a year or two to have a fairly traditional bubble losing air, recession, decline in profit margins, and some grief in the stock market. "Artificial intelligence has the biggest scrambling of opinions of the future that one has ever seen. They've played right into the strong speculation around artificial intelligence, they've made an unprecedented 25% over anything.
Persons: Jeremy Grantham, Grantham, who've, They've, they've Organizations: Service, Big Tech, Wall Street, Nasdaq Locations: Wall, Silicon, Grantham
Here's how bad a the next downturn could hit the stock market, according to five top experts. The stock market cratered from 2008-2009, with the Dow Jones Industrial Average ending at a low of 6,594 in March 2009, down more than 50% from its peak before the recession. With warning signs piling up, here's what five experts have to say about the next recession and what's in store for the stock market. "This is just the beginning of that pain," Roubini said of a potential repeat of the 2008 recession. He's voiced concerns about financial stability, warning markets that the Fed could "break something" on the way to reducing inflation.
Total: 3