by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Economist famed for ‘bond vigilantes’ term coined in 1980s Yardeni sees some risk of credit crunch, but not base case Longtime market and economy watcher Ed Yardeni said that the current global equities selloff bears some similarity to the 1987 crash, when...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Salim Ramji took over as firm’s first-ever outsider CEO The new chief has no plans to try to take Vanguard public Vanguard Group Chief Executive Officer Salim Ramji said his firm is “really about” low-cost investing, and that he’d eventually like that to carry into...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Sahm says Fed is deliberate, but shifts tack when it needs to The good thing is that the Fed has space to do ‘quite a bit’ Former Federal Reserve economist Claudia Sahm said that while the US isn’t yet in a recession, it’s “uncomfortably close,” and predicted central...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
The tech funds have suffered big losses in recent weeks Investors fret over worsening economic data, earnings releases Traders plowed billions of dollars into betting on a big rebound in tech stocks last month. Now their leveraged-up ETF positions are getting thrashed...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Swaps imply at least five quarter-point cuts by Fed this year Dovish repricing follows weaker-than-expected US jobs data Global bonds rallied as traders bet the Federal Reserve and fellow central banks will turn more aggressive in cutting interest rates amid mounting...
