Frothy stocks and China-U.S. tensions raise 2020 recession risk, warns Roubini
The Federal Reserve is widely expected to strike a dovish chord when it meets this week, clearing the way for a July rate cut — the first in more than a decade — that almost 40% of economists in a Wall Street Journal poll are expecting.
‘A severe enough shock could usher in a global recession, even if central banks respond rapidly.’ Nouriel Roubini Last year, he warned of 10 potential downside risks that could lead to a global recession next year. A friendlier Fed, he says, removes one of them, but the others are still firmly in play and have emerged as more dangerous than before.
Also read: Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley No signs of any shock to start the week, with markets around the world looking green ahead of Monday’s opening bell in the United States. But the Heisenberg Report blog used this telling chart to show perspective on how, when Trump became president, the stock market was up triple-digits from its 2009 nadir and the unemployment rate was already near historic lows.
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