Another Recession Could Be on the Way, Warns Cameron
The world may be headed for another recession just six years after barely coming out of the last one. That is according to British Prime Minister David Cameron. In an article, he wrote for the Guardian newspaper Mr Cameron warned that "red warning lights were flashing on the dashboard of the global economy in a manner similar to the financial crash that happened in 2008." His warning comes in the wake of remarks made by the governor of the Bank of England, Mark Carney, who claimed that stagnation was affecting Europe's prospects for economic recovery. His observations would seem to echo....
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Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession.
Citigroup’s CEO on Global Recession
Citigroup CEO Jane Fraser warned about the health of the global economy Friday, Reuters reported. Citi is the third-largest and most globally-focused U.S. bank.
Speaking at an investor conference in New York, she talked about how “the three Rs” are affecting the global economy, stating: “It’s rates, it’s Russia, and....
The World Bank has warned of a possible global recession. “For many countries, recession will be hard to avoid,” said World Bank President David Malpass. “This is the sharpest slowdown in 80 years.”
World Bank on Global Recession, Stagflation
The World Bank warned about the rising risk of stagflation and global recession Tuesday. World Bank President David Malpass said:
The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid.
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money.
Michael Burry’s Recession Warning
Famous investor and founder of investment firm Scion Asset Management, Michael Burry, warned on Friday about a looming consumer recession and more earnings trouble ahead.
He is best known for being the first investor to foresee and profit from the....
Citadel CEO Ken Griffin says inflation may have peaked but a recession is coming. “We’re in a very uncertain time for investors,” the executive cautioned, adding that the Federal Reserve “is grappling with a level of inflation we haven’t seen in a long time.”
Citadel’s Ken Griffin on U.S. Economy, Inflation, Recession, and Cryptocurrency
Kenneth Griffin, founder and CEO of global investment firm Citadel, shared his views on a variety of topics, including the U.S. economy and cryptocurrency, at the CNBC Delivering Alpha conference....
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial Crisis.”
Peter Schiff Says ‘Fed Cant Win a Fight Against Inflation Without Causing a Recession’
While many analysts were shocked by the U.S. Federal Reserve’s move, since it was the largest rate hike since 2000, a report by....