Markets

80% of economists see a chance of a double-dip recession, survey finds

Four in five panelists surveyed by the National Association for Business Economics said they see at least a 25% chance of the coronavirus fuelling a second economic downturn, or a “double-dip” recession. Nearly two-thirds of respondents said they viewed the US as still in a recession, and almost half said […]
80% of economists see a chance of a double-dip recession, survey finds
Markets

Bankruptcy risks pose the greatest threat to the stock market’s rally to near-record levels, famed economist Mohamed El-Erian says

A wave of corporate insolvencies has the best chance at dragging stocks from their lofty prices, Mohamed El-Erian, chief economic advisor at Allianz, said Monday. Investors have looked through US-China tensions, stretched valuations, stimulus delays, and surging COVID cases in recent weeks to push stocks higher. “You have a very […]
Bankruptcy risks pose the greatest threat to the stock market’s rally to near-record levels, famed economist Mohamed El-Erian says