Recession may already be here, long-time market bear David Tice warns


Long-time market bear David Tice is warning investors a recession is about to bear down on the United States.

Tice believes the global economic slowdown is infiltrating the country.

“The big question: Is the U.S. in a recession or about to enter one?” the investor told CNBC’s “Trading Nation ” on Wednesday. “We’re either there or within two months away from that.”

Even though the major indexes have rebounded from last week’s major decline, the 10-year Treasury yield fell below the 2-year Treasury rate on Wednesday for the second time in a week. The inversion is widely considered an ominous sign for the economy’s direction.

“There’s certainly a lot of risk to the market here,” said Tice,…


Fed’s Harker doesn’t see need for another rate cut

Previous article

Esther George says the Fed’s ‘large balance sheet’ may have helped cause the yield curve inversion

Next article

You may also like

Leave a Reply

Notify of

More in Finance