Central amongst the host of issues currently crowding the global forum is an escalating conflict in the Middle East. Aside from Turkey’s military incursion in Syria over the past week, heightened tensions between Saudi Arabia and Iran continue to cast uncertainty over the region.
In 1999, 547 companies rushed towards public markets looking to capitalize on the zenith of the dotcom era. The vast majority of those companies were comprised of young tech darlings and, all told, companies that went public in 1999 took in a record haul of $108 billion.
Throughout 2015 and all the way into 2018 the Fed was a bit obsessed with being “normal”. They wanted a “normal” interest rate (justifying rate hikes) and they wanted a “normal” balance sheet (justifying a reduction in that balance sheet).
Let’s return to one of the most pressing questions facing investors right now, one we also discussed last week: Namely, how probable is a recession this year or next? The renowned David Rosenberg, who was one of the handful of economists to predict the 2007 downturn, thinks the US may be in one now.
Finally! A “Bubble 3.0” chapter mostly devoted to the stock market! Based on what a complex beast it is, the fact of the matter is there are myriad factors that come into play as to which direction it’s heading.