The Dow Jones fell 0.2% on Monday. New York’s Empire State manufacturing index plummeted to 3.7. Nordea economists believe investors may be underestimating a potential V-shaped recovery in interest rates. The Dow Jones struggled to start the week as losses mounted in heavyweight stocks, and the Empire State manufacturing index plummeted. Despite no additional stimulus…
Better-than-expected jobs numbers and signs of economic recovery are leading some to declare the worst is over. We’re still far from normal—and economic data still show we’re worse off than the Great Depression in many areas. Here’s why the recession may just be getting started. Wall Street loves setting expectations at levels that are easy…
There’s little doubt that a recession is inevitable in the wake of coronavirus. More people are Googling “recession” and “unemployment” than during the financial crisis. But maybe they should start Googling “depression.” Because these leading analysts say we’re headed for another Great Depression. The U.S. economy will probably slip into a recession this quarter and…
