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IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China
2.1.2023
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not...
Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’
2.1.2023
Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year. Peter...
Elon Musk: Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever
24.12.2022
Tesla CEO and Twitter chief Elon Musk says the Federal Reserve’s recent rate hikes “might go down in history as most damaging ever.” The billionaire has urged the Fed to cut interest rates immediately, emphasizing that the U.S. central bank is “massively amplifying...
Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says
22.12.2022
Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than...
Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning
13.12.2022
Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world...
Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week
11.12.2022
Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking better” in the second quarter of 2024. Tesla CEO Elon...
5 tips for investing during a global recession
10.12.2022
The market may be experiencing some tough days, but that doesn’t have to stop you from finding ways to prosper
Bitcoin price liquidation risk increases as BTC struggles to reclaim $18K
10.12.2022
Leveraged long margin traders are playing with a hot potato, and with BTC struggling at $17,000, they might get burned sooner than later
Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows
8.12.2022
Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session. Litecoin (LTC)...
Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry
7.12.2022
BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
2.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous...
Elon Musk Fears Severe US Recession is Coming, Urges the Federal Reserve to Do This to Prevent It
1.12.2022
Elon Musk, CEO of Tesla and Twitter, has called on the Federal Reserve to cut interest rates to prevent a potential major recession as the US economy faces the possibility of a severe recession.
In reply to a tweet that said a real economic recession is coming in 2023, Musk agreed that the current...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately
1.12.2022
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed is “massively amplifying the probability of a severe recession.” Elon Musk...
Monero (XMR), Maker (MKR), or Snowfall Protocol (SNW): Which is performing better amid recession?
24.11.2022
With traditional financial markets in flux over recession fears, investors are keeping away from risky assets, including many cryptocurrencies. This has resulted in a massive fall in the prices of high-value crypto assets like Monero (XMR) and Maker (MKR) this year. Interestingly, investors...
Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms
21.11.2022
Amazon founder and former chief executive Jeff Bezos has given some advice to consumers and small businesses about what they should do given that the U.S. economy is either already in a recession or is headed into one “very soon.” The billionaire said: “The economy does not look...
5 reasons 2023 will be a tough year for global markets
12.11.2022
From inflation to energy shortages and general instability, markets are set for a turbulent year ahead
White House Is Not Preparing for Recession — Chief of Staff Says US Economy Is Strong
5.11.2022
White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House...
Is Bitcoin bullish or nah? Here is what is really going on with BTC price
4.11.2022
Data suggests BTC is finally carving out a bottom, but is it time to buy?
Don’t Mistake Tech Layoffs for a Recession
4.11.2022
If job numbers are so strong, why all the layoffs in technology?
Fed Chair Powell Says ‘Very Premature’ to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy
3.11.2022
Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy,...