Cole NaylorStoryboardSurvey: There’s a 52% chance of an upcoming recession, say top economistsCurated byBankrateThe U.S. economy is at a critical point as high inflation lingers and the Federal Reserve raises interest rates by the most aggressive pace in decades — even the experts are ringing recession alarm bells now.
Cole NaylorTop economist Mark Zandi says forget Biden’s stimulus—Putin’s war in Ukraine is by far the biggest driver of inflationverified_publisherFortune - Christine MuiThe war in Ukraine and the subsequent sanctions imposed on Russia account for more than a third of U.S. inflation, according to the chief economist …
Cole NaylorWells Fargo's CEO says there is 'no question' that the US is heading into a downturn and it will be hard to avoid recessionBusiness Insider - Hamza Fareed MalikWells Fargo's CEO said there is "no question" of an economic downturn in the US and a recession looks difficult to avoid. Speaking to the Wall Street Journal's "Future of Everything Festival" on Tuesday, Charlie Scharf said, "It's going to be hard to avoid some kind of recession ." He said business …
Cole NaylorRussian economy faces WIPEOUT as Putin braces for Soviet-era collapse –leaked Kremlin memoexpress.co.uk - Ellie CookRUSSIA's economy is in its worst state of the post-Soviet era as the country feels the continued bite of Western sanctions over Ukraine, a leaked …
Cole NaylorRussia faces first foreign default since 1918 – here's how it could complicate Putin's ability to wage war in Ukrainetheconversation.com - Michael A. Allen and Matthew DiGiuseppeRussia may be on the cusp of its first default on its foreign debt since the Bolsheviks ousted Czar Nicholas II a century ago. On April 14, 2022, …
Cole NaylorRussia's War With Ukraine Is Already Costing Russian Economyverified_publisherThe New York Times - Anton Troianovski and Ivan NechepurenkoMOSCOW — President Vladimir V. Putin has ushered in a crisis for his country — in its economy and identity. The Kremlin is hiding the reality of the country’s attack on Ukraine from its own people, even cracking down on news outlets that call it a “war.” But the economic carnage and societal turmoil …
