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A recession similar to that of 1969-1970 awaits the United States next year, warns an economist

A recession similar to that of 1969-1970 awaits the United States next year, warns an economist

Prepare for a recession next year. That’s the word of warning from S&P Global Ratings economist Beth Ann Bovino in a report released the weekend after Thanksgiving Monday. “ “GDP will decline by 0.8%, a mild recession in line with the 1969/1970 recession.” ” — S&P Global Ratings As with many prognosticators inside and outside …

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FTX bankruptcy, Meta layoffs: Equity investors could whistle past the graveyard

FTX bankruptcy, Meta layoffs: Equity investors could whistle past the graveyard

Investors stunned by last week’s strong rally in stocks may want to listen to Tom Waits’ song, 1978’s “Whistlin’ Past the Graveyard,” to sober up the dangers that still lurk. The surge in stocks catapulted the S&P 500 SPX index, +0.92% TO SPY, +0.97% almost back to the 4,000 mark on Friday, also taking it …

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Here's how you'll know stock market lows are here, says an investor who called the 1987 crash

Here’s how you’ll know stock market lows are here, says an investor who called the 1987 crash

“If you think about where we are right now, the Federal Reserve Board is fighting something it hasn’t really seen in nearly four decades, and that is inflation. Inflation is a bit like toothpaste: once you take it out of the tube, it’s hard to put it back in, isn’t it?” —Paul Tudor Jones Billionaire …

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