Bill Gross’ Pimco, which manages the world’s largest bond fund, predicted earlier this week there’s a more than 60% chance of a recession in three to five years.”Given that the last global recession was four years ago, and also given that the global economy is significantly more indebted today than it was four years ago, we believe there is now a greater than 60 percent probability that we will experience another global recession in the next three to five years,” Saumil H. Parikh, a managing director and generalist portfolio manager at Pimco, said in a note Tuesday.
Thanks to the life support of $12 trillion and 515 rate cuts by the world’s central banks since March 2009, the global economy’s heart is beginning to beat again.
The Bank of Japan is sticking to its policy of fiscal stimulus to try to stoke inflation, and that’s rattled markets worldwide.
Ordinary Americans have been thrust into a nightmarish Orwellian daze.
I see tinfoil hat-wearing conspiracy theorists waiving their hands about in joyful affirmation, and it feels plain unnatural.
One of the really beneficial things about science is its power to transcend borders and ideologies.
Scientists in countries that may be totally hostile to one another have the chance of collaborating on difficult problems in a spirit of openness.
With gold prices near two-year lows through much of 2013, a bargain-hunting Money Morning TV viewer asked us about how to invest in gold.
Hydraulic fracturing, or fracking, the art of separating oil from rock, has the potential of turning America into the world’s top oil and natural gas producer.
But as with any bonanza it has some secrets oil and gas companies want to keep under wraps. And some companies are willing to put some big bucks behind that.
Amid a wash of government scandals, America is vulnerable right now. Actions taken by the IRS have left us feeling utterly degraded by the Obama administration.
And another Washington scandal we see brewing won’t make Americans feel any more comfortable about the power granted in our nation’s capital.
Appearing on Fox Business, Capital Wave Strategist Shah Gilani engaged in the age old debate: Bullish or bearish?
Shah made the bullish case, saying the stock market’s rising and investors may want to jump in.
Even if you think you don’t know how to invest in currencies, you are probably already doing so indirectly.