The US economy is vulnerable to a new recession that could take place soon, renowned bearish analyst Albert Edwards wrote in recent research.
This means the 33-year bull market in bonds is not nearing its end, as some commentators had thought it might after the recent sudden rise in yields on sovereign bonds.
The Goldilocks scenario about the lower price of oil fuelling an economic boom has a few big holes, mainly when it comes to emerging markets.
The main ingredient missing from stock markets right now is confidence, and savvy investors must hold their nerve, according to a strategist.
The worst is over for Greece, whose economy is expected to expand next year for the first time since it was hit by the debt crisis, the European Commission’s autumn economic forecast revealed.