Former Home Depot CEO Issues Dire Warning About U.S. Economy
The outspoken former executive issued a troubling outlook about business in the U.S.
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The outspoken former executive issued a troubling outlook about business in the U.S.
US politicians should be taking the economy "very seriously," according to Bob Nardelli, who warned of "more uncertainty now" within a broad sector of businesses.
About this time a year ago, the 30-year Treasury was yielding around 3.0%. Today, it yields 3.85%. The iShares 20+ Year Bond ETF (TLT) was trading around $118
“This isn’t the random shoplifter anymore," he adds.
Corporate bankruptcies in the United States rose in May, based on latest reports, with the first five months of 2023 seeing the highest number of filings since 2010.