"Doctor Doom" Roubini warns of economic overheating: the consequence is total stagflation, economic and market collapse.

Nouriel Roubini, an economics professor at New York University and known as the "Doctor of Doomsday", issued a new warning that the end result of overheated economic growth could be full-blown stagflation, with the economy and markets at risk of collapse. "given the current high debt ratios, supply-side risks and ultra-loose monetary and fiscal policies, the optimistic outlook currently reflected in financial markets is likely to become a pipe dream," the chief economist at Atlas Capital wrote in an article. "in the medium term, various persistent negative supply shocks are likely to moderate the current situation," Roubini said.

新浪美股Sep 24, 2021 09:36

The study says the world will lose $210 billion by cutting production by 7.7 million vehicles this year.

Continuing chip shortages are expected to cost the global auto industry $210 billion in revenue in 2021, according to a new study by consulting firm AlixPartners. That is nearly double the company's forecast of $110 billion in May and far more than the $60.6 billion originally forecast at the end of January. Mark Wakefield (Mark Wakefield), global co-head of automotive and industrial practices at AlixPartners, said: "of course, everyone hopes that the chip crisis has eased so far, but unfortunate events such as

新浪美股Sep 23, 2021 12:33

The president of SEC called on young people to save money early, but they don't know how low the interest rate is.

Gary Gensler, chairman of the Securities and Exchange Commission (SEC), advised college students to "start saving as soon as possible and save regularly" in a video on Twitter on Wednesday. "if you save $5 a week, you might earn 8%," Gensler says. You may have saved more than $130000 since college and by the time you retire at 65. But if you don't start saving until you're 40, you need to save about $30 a week to reach the same amount. " The main purpose of the video is to encourage people to save, but the example provided by Gensler has aroused some opposition on Twitter, especially from the cryptocurrency community.

新浪美股Sep 23, 2021 10:56

BRIEF-Advancit Acquisition Corp I Files To Cut The Size Of IPO To Up To $275 Mln

路透社Jun 15, 2021 22:04