Rich Democrat Thinks a Wealth Tax Would Be a Disaster

Larry Summers, former Treasury Secretary under Bill Clinton and the former director of Obama’s National Economic Council, thinks the wealth tax proposed by some progressive Democrats will backfire. With such close ties to the Democratic Party, and being a Democrat himself, it is surprising to hear Summers come out against the wealth tax plans touted by progressive […]

Hedge Fund Giant Ray Dalio Sees Repeat of Great Depression Dead Ahead

Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund in the world. When Dalio speaks, people tend to listen. So it came as a shock when before the IMF and World Bank annual meetings in Washington D.C., Dalio proclaimed that the global economy was already slowing dramatically.  “This cycle is fading, we are […]

Noted Stock Market Bear: ‘Carnage Awaits’

Albert Edwards, global strategist at Société Générale, the French multinational investment bank, is an ardent bear investor, having routinely delivered messages of doom and gloom throughout the years. He has previously said that the world will enter a “financial ice age” in the near future. Now, he says, “carnage awaits” stock market investors. Edwards cited […]

No Recession And Trump Win In 2020: Mark Mobius

Mark Mobius, the founder of Mobius Capital Partners LLP, made a name for himself as a fund manager within the emerging markets industry. Mobius, now retired, has kept his finger on the pulse of current events and recently made two heavyweight predictions. The first is that there will be no recession in 2020. The second prediction […]

Money Manager Michael Pento: ‘We Are All Screwed’

Michael Pento, president and founder of Pento Portfolio Strategies, has sent alarm bells ringing with his latest statement on the markets. “When this thing implodes, we are all screwed,” Pento said of the economy.  “On a global scale, we have never before created such a magnificent bubble,” he continued. ““These central bankers are clueless, and […]