Cooperman Rings the Recession Alarm
Billionaire investor Leon Cooperman rings the recession alarm and says commercial real estate is next in the crosshairs of global banking turmoil.
Recent
Fed’s Mester Says Rates Should Rise Above 5%, Stay for Some Time
Federal Reserve Bank of Cleveland President Loretta Mester said policymakers should move their benchmark rate above 5% this year.
Munger Says Stock Market ‘Gambling’ is as Addictive as ‘Heroin’
Billionaire investor Charlie Munger says stock market ‘gambling’ is as addictive as ‘heroin’—but he sees no way to fix it.
Morgan Stanley Strategist Says US Tech Stocks’ Rally Is Overdone
Morgan Stanley’s Michael Wilson, among most prominent bearish voices on US equities, warns rally in tech stocks that’s exceeded 20% isn’t sustainable.
El-Erian Warns That ‘Confidence Erosion’ Will Lead to ‘Economic Contagion’
Top economist Mohamed El-Erian warns that ‘confidence erosion’ due to banking crisis will lead to ‘economic contagion’.
Fed’s Rate Hikes are Like Using a ‘Steamroller’ to ‘Kill a Small Fly’
Billionaire investor Barry Sternlicht says Fed’s rate hikes like using ‘steamroller’ to ‘kill small fly’ and warns economy is about to ‘hit the wall’.
Will Warren Buffett Buy the Dip on Bank Stocks?
Moves that Buffett's Berkshire Hathaway made in past banking crises turned into big winners.
