Mainstream News Trumpets Bitcoin, Gold as Global Recession Hedge

Retail and institutional investors alike are increasingly turning to safe-haven assets like gold and bitcoin. | Source: Shutterstock By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian news publication deems the two …

Dow Jones and Greater Stock Market Having a ‘Mid-Life Crisis’: Tom Lee

Fundstrat’s Tom Lee says the stock market sell-off doesn’t indicate a recession is nigh, but the earnings season looks “ugly” and the U.S Federal Reserve is to blame. Speaking today on CNBC’s Fast Money, the analyst, who appears lately to be receiving more and more criticism for his predictions, spared the numbers but doesn’t hold …

1000-Point Swings ‘New Reality’ for Dow Jones Index: Allianz Economist El-Erian

Mohamed El-Erian — the chief economic adviser at Allianz SE — says concerns over a US recession are overblown, but we can expect wild fluctuations on the Dow Jones Industrial Average in 2019 because of financial uncertainty in Europe and China. However, El-Erian said the US economy will remain strong and will continue to grow at a …