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This US economist just warned that 2024 will bring the 'biggest crash of our lifetime' — predicts a shocking 86% nosedive for the S&P 500. ... “So if you just get out for six to 12 months and ...
The Goldman economist who predicted the financial crash and soft landing says AI will be good for the U.S. economy but will ‘destroy employment in some areas’ Paolo Confino March 19, 2024 at ...
The stock market has shown robust upward momentum in 2024, with both the S&P 500 and the Nasdaq Composite posting double-digit gains year to date.
In January 2010, the New York Times referenced Chanos making a prediction of an impending Chinese economic crash that would resemble "Dubai times 1,000 — or worse". Later on the Charlie Rose Show in April 2010 he maintained that China was on a "treadmill to hell" that would result in a crash caused by a "world class" property bubble. [17]
In the Deutsche Bank case study, the Report focuses on the bank's top CDO trader, Greg Lippmann. He warned colleagues that the RMBS and CDO securities were "crap" and "pigs" and could make money taking shorts against them. He predicted the securities would lose value and called the financial industry's CDO operation as a "ponzi scheme."
Nassim Nicholas Taleb, the author of best-selling book The Black Swan, correctly predicted the 2008 financial crash but said "gloomy" times ahead for the U.S. economy are far more easy to spot.
An economic depression refers to “a severe, sustained period of economic weakness.” The last one, the Great Depression, technically ran from October 1929 to 1933, but the U.S.’s economy didn ...
Before the 2008 crash, Shilling—considered a housing-market prophet—warned that subprime loans were probably the “greatest financial problem” for the U.S. economy, and in January 2006 ...