Reagan’s Top Economist Warns Investors Should Flee Stock Market

David Stockman, who served as the late US President Ronald Reagan’s top economic adviser, says a day of reckoning has arrived for the stock market. Stockman believes a recession is imminent and that a “bad situation” waits on Wall Street’s horizon. He warns investors to exit the stock and bond markets in a recent interview with Neil Cavuto on Fox Business with a stark metaphor: “We need to wake up and smell the roses here.” Stockman says the US economy is in the tenth year of the longest business expansion in history. An increasing budget deficit comes at the “very

The post Reagan’s Top Economist Warns Investors Should Flee Stock Market appeared first on CCN

News – CCN

A Bitcoin Bashing Nobel Economist Expects a Global Recession; Will Crypto Prove Him Wrong?

Noted bitcoin basher and Nobel Prize-winning economist Paul Krugman has warned that the global economy could be headed for a recession this year, according to CNBC. Per Krugman, the recession could occur towards the end of this year or in 2020: I think that there is a quite good chance that we will have a recession late this year (or) next year. According to the economist who won the 2008 Nobel Prize in Economic Sciences for his work on among other subjects trade theory, the next economic downturn could be prompted by a variety of causes. Many Factors in Play

The post A Bitcoin Bashing Nobel Economist Expects a Global Recession; Will Crypto Prove Him Wrong? appeared first on CCN

News – CCN