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Recessions and depressions

Big Short’s Steve Eisman worries investors are too bullish in 2024

by Ron Morgan
Big Short’s Steve Eisman worries investors are too bullish in 2024

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding …

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The U.S. avoided a recession in 2023. What’s the outlook for 2024?

by Walter Watson
The U.S. avoided a recession in 2023. What’s the outlook for 2024?

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois.  Scott Olson | Getty Images Heading into 2023, the predictions were nearly unanimous: a …

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Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

by Ron Morgan
Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial …

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Runway getting clearer, U.S. economy still not assured of soft landing

by Walter Watson
Runway getting clearer, U.S. economy still not assured of soft landing

A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images November’s solid jobs report did not assure …

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Psychology of Money author Housel gives advice to scared investors

by Walter Watson
Psychology of Money author Housel gives advice to scared investors

The author behind the best-selling book “The Psychology of Money” is trying to relieve investor anxiety over market downturns. “Realizing how inevitable it is makes it more palatable to deal …

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NewEdge Wealth sees record rush intensifying

by Walter Watson
NewEdge Wealth sees record rush intensifying

The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal. “It’s …

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2024 will get really sloppy in first half

by Walter Watson
2024 will get really sloppy in first half

Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy, sees a volatile path to his S&P 500 to 4,625 …

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Consumers buckling for first time in decade: Former Walmart U.S. CEO

by Walter Watson
Consumers buckling for first time in decade: Former Walmart U.S. CEO

The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …

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Thailand’s new prime minister boosts optimism, but his populist policies pose fiscal risks

by Walter Watson
Thailand’s new prime minister boosts optimism, but his populist policies pose fiscal risks

Srettha Thavisin, Thailand’s prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Valeria Mongelli | Bloomberg | Getty Images Months of political deadlock and …

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Recession indicator may be ‘broken odometer’ for economy, says expert

by Ron Morgan
Recession indicator may be ‘broken odometer’ for economy, says expert

Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking …

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