The stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliott Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of such a grim outlook? Load up on gold, perhaps....
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This year is lining up exactly like the 2000 dot-com bubble crash — stocks will drop 40% from here, former Goldman manager says
This year is shaping up exactly like the 2000 dot-com bubble crash and stocks will drop a further 40%, a former Goldman Sachs manager has warned. April produced the best monthly gains for the Dow Jones Industrial Average DJIA, -1.58% and S&P 500 SPX, -1.04% in 82...
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The stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
Paul Singer, the hedge-fund billionaire behind Elliott Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of such a grim outlook? Load up on gold, perhaps....
read more
The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey
A third of respondents in the CNBC Fed survey believe the economy won’t be fully restored until the second quarter of 2022, but there are a wide range of views about the recovery. More money will be needed from the Federal Reserve and Congress to combat the pandemic...
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Gold prices will nearly double to a record $3,000 as central banks fuel ‘financial repression,’ Bank of America says
Gold will rally 80% over the next 18 months as central-bank stimulus and economic turmoil drive record interest, Bank of America analysts forecast in a Monday note. Monetary authorities are spending trillions of dollars to keep economies above water. The widespread...
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IMF says the world will ‘very likely’ experience worst recession since the 1930s
The Washington-based organization expects the global economy to contract by 3% in 2020. The Fund expects a “partial recovery” in 2021, but this is conditional on an improvement in the health crisis. The global economy will this year likely suffer the worst financial...
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Opinion: Stocks will revisit their coronavirus crash low, and here’s when to expect it
U.S. market history points to a final bottom in August Is the great coronavirus bear market of 2020 now history? Many exuberant bulls would have you believe that it is, since the S&P 500 SPX, -0.36% is now more than 20% higher than its mid-March low. That...
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IMF Sees World in Worst Recession Since Great Depression
Fund sees partial recovery in 2021 if pandemic fades this year IMF doubling emergency loan capacity to help developing world The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging...
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$20,000 gold price: Franco Nevada chairman makes the case
Gold prices should skyrocket to much higher levels, even $20,000 in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index, this according to Pierre Lassonde, chairman of Franco Nevada. “When I look at where we are...
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Coronavirus stimulus just pushed Fed’s balance sheet past $5 trillion for the first time ever
The Federal Reserve balance sheet is now at $5.3 trillion, up 12.4% over just the last week. The central bank is greatly increasing the amount of Treasurys and other assets it owns in an effort to keep markets and the economy afloat during the financial crisis....
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