Business > Video

The legendary economist who predicted the housing crisis says the stock market is probably far from the bottom - in a video interview from his bee yard

1 month ago   |   By Business Insider

Economist Dr. Gary Shilling says the global economy was already in a recession before the coronavirus pandemic started.
Shilling expects this recession to run at least through the end of the year and says the stock market is probably far and away from the bottom.
Shilling thinks one of the most important things that has happened is the realization of how dependent we are on the rest of the world. As a result, he says, there will be a lot more protectionism which is much more inefficient and will probably lead to fewer domestic jobs.
He says the US is likely going to see big infrastructure...
Read more ...

 


Search by Tags

   Video      US      Running      Economics      Markets      Business      Economy  


HelloFresh severs partnership with Lea Michele after 'Glee' co-star alleges...

HelloFresh severs partnership with Lea Michele after 'Glee' co-star alleges the singer engaged in on-set bullying

HelloFresh announced that it is parting ways with celebrity spokesperson Lea Michele after former co-stars accused the "Glee" actor of hypocrisy and on-set bullying... Read more ...

Tech workers are urging Facebook employees to quit their jobs in protest of...

Tech workers are urging Facebook employees to quit their jobs in protest of the company's controversial decision to keep up Trump's post about the George Floyd protest

Some fellow tech workers are encouraging Facebook employees that are unhappy with the company's handling of President Trump's controversial post to step down from the... Read more ...

LIVE UPDATES: Follow the results of Indiana's congressional primaries

LIVE UPDATES: Follow the results of Indiana's congressional primaries

On Tuesday, Indiana is holding Republican and Democratic primaries in all nine of its House districts. There are competitive primaries in the state's first district to replace... Read more ...

Former Reddit CEO Ellen Pao called the platform out for not shutting down...

Former Reddit CEO Ellen Pao called the platform out for not shutting down r/the donald after the company published a controversial letter addressing protests: 'So much of what is happening now lies at your feet'

Reddit CEO Steve Huffman posted a letter to Reddit employees in response to recent protests over police killings of Black Americans. Former Reddit CEO Ellen K. Pao responded to... Read more ...

‘As day follows night, there will be blockades': Fishing industry prepares...

‘As day follows night, there will be blockades': Fishing industry prepares for post-Brexit battle

Fishing industry leaders have told UK negotiators “there must be no concessions” to the EU on access to waters, as the final round of Brexit trade talks gets under way. The... Read more ...

LIVE UPDATES: Valerie Plame and Teresa Leger Fernandez compete in the...

LIVE UPDATES: Valerie Plame and Teresa Leger Fernandez compete in the primary for New Mexico's third district

On Tuesday, there's a competitive Democratic primary to replace Rep. Ben Ray Lujan in New Mexico's safe Democratic third congressional district. In a primary that has attracted... Read more ...

LIVE UPDATES: See the full results of Randy Feenstra's primary challenge to...

LIVE UPDATES: See the full results of Randy Feenstra's primary challenge to Rep. Steve King in Iowa

Controversial Rep. Steve King is facing a tough primary challenge from State Senator Randy Feenstra in Iowa's 4th congressional district. King, who has a long history of making... Read more ...

'Get on the train': Famed investor Michael Novogratz says bitcoin will soon...

'Get on the train': Famed investor Michael Novogratz says bitcoin will soon break the $10,000 threshold as US turmoil spreads

Famed investor Michael Novogratz tweeted on Monday that bitcoin will soon take out the $10,000 resistance level, telling his followers, "Get on the train." Novogratz said that... Read more ...

Amazon raised $10 billion in the bond markets, including $1 billion of debt...

Amazon raised $10 billion in the bond markets, including $1 billion of debt yielding just 0.4% - reportedly the lowest rate in the history of US corporate bonds

Amazon raised $10 billion in corporate debt markets Monday, including a $1 billion bond yielding just 0.4%. The Financial Times reported that this was the lowest interest rate... Read more ...

Tailbacks as hungry customers queue at McDonald's drive-thrus

Tailbacks as hungry customers queue at McDonald's drive-thrus

The long awaited return of McDonald's is finally over as drive-thru services opened across the north and north-east today. Fast-food lovers looking to be the first to nibble on... Read more ...