Former Trump Advisor: Inevitable U.S. Recession Will Cost America ‘Trillions’ to Fix

Gary Cohn, the former Goldman Sachs executive and ex-White House economic advisor, believes that COVID-19 will undoubtedly lead to a recession in the United States. The resulting recession will cost the United States “trillions” of dollars and lead to record unemployment. “We’re in a recession; I’m not going to tell you that we’re not in a […]

A $1 Billion Scheme So Slick Even Warren Buffett Fell for It — Now This Couple Is Headed to Jail

From 2011 to 2018, would-be entrepreneurs Jeff and Paulette Carpoff of Bencia, California developed a mobile solar generator business that attracted the attention of numerous big-name investors in the corporate world. Federal investigators charged that it was all an elaborate Ponzi scheme. The Carpoffs were alleged to have bilked more than $1 billion from the […]

Jim Bianco: Market Set To Give Fed A ‘Punch To The Mouth’

Jim Bianco, president of Bianco Research, is concerned about the Federal Reserve. Quoting boxing legend Mike Tyson, Bianco said, “Everybody has a plan until they get punched in the mouth.” Markets throughout 2019 moved along swimmingly, but Bianco believes the Fed hasn’t been truly tested yet. Bianco thinks that in 2020 the Fed will be challenged […]

Stanley Druckenmiller: These 3 Things ‘Would Definitely Trigger A Bear Market’

Investors have been anticipating a bear market for a while now. One such investor is hedge fund guru Stanley Druckenmiller. Druckenmiller started his own fund, Duquesne Capital, in 1981. He managed George Soros’s Quantum Fund between 1988 and 2000. Druckenmiller has identified three events that may finally tip this long-running bull market into a bear […]

World’s Rich Get Ready for Massive Drop for Stocks. Are They Right?

The world’s richest are bracing for a potential market meltdown. A majority of wealthy investors anticipate a substantial drop in the market before the end of 2020. What steps are these investors taking to prepare for the drop? According to a survey conducted by UBS Wealth Management, these investors hold approximately 25% their portfolio assets […]