Stocks and Bonds Will Suffer for Years to Come, Nouriel Roubini Warns
Wall Street's "Dr. Doom" has urged investors to stay away from traditional assets like stocks and bonds, and look to alternatives to hedge risk.
Stay updated with breaking news from Stock Fall. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Wall Street's "Dr. Doom" has urged investors to stay away from traditional assets like stocks and bonds, and look to alternatives to hedge risk.
Markets are pricing in a 59% chance of a recession, down from 90% in October. But even that could be too optimistic, JPMorgan said.
The Fed will inflict damage on the economy, and investors aren't yet pricing in a recession, BlackRock warned.
The Fed blew it on inflation, and the last thing it wants to do is to stop hiking rates too soon, according to former Fed president Richard Fisher.
Emerging-market stocks could outperform those of developed markets, BlackRock strategists said.