The US will see a recession by year-end that could spark a 30% drop in the
stock market, legendary forecaster Gary Shilling says
-
Shilling told Business Insider that wave of layoffs could come as employers
realize the economy was weaker than they thought.
Tuesday, October 16, 2012
You Were Warned
Gross’s Burning Bond Market Fails to Frighten Investors - Bloomberg: "“The greatest irony here is the perception of safety in a fixed-income security,” said Mitchell Stapley, chief fixed income officer at Cincinnati-based Fifth Third Asset Management. “As the head fixed-income guy here, when I look at bonds today, they scare the hell out of me.”"
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