By CCN.com: Ray Dalio, the investment chief at the $160 billion Bridgewater hedge fund, joins other money titans and economic experts in warning that a recession looms on the horizon, threatening to wipe out the US stock market. Others still disagree. Dalio Does Davos, Warns US Stock Market Faces 'Significant' Risk of Recession Speaking to CNBC at Davos, Dalio says there is a “significant” risk...
Blackstone’s new chief strategist, Joseph Zidle, says the government shutdown won’t have a lasting effect on the US stock market and predicts that the S&P 500 is heading for a 15% rally. Zidle Not Concerned about Government Shutdown Zidle recently succeeded the legendary strategist Byron Wien at Blackstone. Speaking this week on CNBC’s "Fast Money," he said of the shutdown and its impact on...
Goldman Sachs has predicted that the price of gold will rise this year driven by fears of slowing economic growth, according to CNBC. In the next three months, the investment bank has forecast that the price of gold to hit $1,325 per troy ounce from $1,250. Three and nine months later, the Wall Street firm expects the yellow metal to have reached $1,375 and $1,425 from $1,300 and $1,350 per troy...
For the last 29 years, Mr. Byron Wien, currently vice chair of Blackstone Group Investment and Advising firm, has released a list of 10 surprise predictions for the coming year. He often includes predictions that he doesn't feel belong in the top 10, but that he still feels the need to flex his ego over and publish them anyways. This year, Bitcoin has finally made the list. Byron Wien describes...