Stocks aren’t the only thing that have collapsed in short order over since Trump’s tariffs have taken effect. The University of Michigan’s Consumer Sentiment preliminary April data released on Friday revealed astounding declines in how consumers feel about the economy. Many of the gauges in the survey have seen sentiment deteriorate to levels seen in…
Economist David Rosenberg warns the stock market is in a “mega-bubble.” Rosenberg cites high valuations, investor positioning, and sentiment as warning signs. Despite recent market gains, Rosenberg predicts a recession and advises caution in investing. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
If any more evidence were needed of a sense of urgency about the revival of China’s economy, it has come from the latest meeting of the Politburo, chaired by President Xi Jinping. The top decision-making gathering waived punishment for bureaucrats and officials who make mistakes in well-intended initiatives to boost the economy through inexperience, inadvertent…