Investors Should Brace for a 'Frightening' Recession
As if paper losses of $20K yesterday wasn’t fun enough... Don’t worry, though, Donny’s in charge, and Whell says we can trust him!
https://www.investopedia.com/news/in...ing-recession/
Billionaire hedge fund manager Paul Tudor Jones,
noteworthy for predicting the 1987 stock market crash, is becoming increasingly worried about the direction of the U.S. economy and stock market. "The next recession is really frightening because we don’t have any stabilizers," he said on June 18, as quoted by MarketWatch. “We’ll have monetary policy, which will exhaust really quickly, but we don’t have any fiscal stabilizers," he added. Jones was participating in a Talks at GS event, interviewed by Goldman Sachs CEO Lloyd Blankfein. Former Federal Reserve Board Chairman Ben Bernanke also warns that the U.S. economy is likely to nosedive, once the massive dose of fiscal stimulus delivered by federal tax cuts and spending hikes wears off.