الثلاثاء, 14 آب/أغسطس 2018 08:24

Vanguard Warns of Looming Recession

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(New York)

One the biggest and most conservative asset managers on the street has just put out an ominous warning to investors. Vanguard has just told investors that a near term recession (by 2020) is looking more likely. The asset manager is worried about the flattening yield curve and rising credit risk for sub-investment grade bonds. Vanguard says the odds of a recession in the next six months are 10%, and 30-40% by the end of 2020. The comments are unusual for Vanguard, who has stayed positive on the economy and is usually very conservative in calling markets and the economy.


FINSUM: Our own view is that the chances of a recession by the end of 2020 are much higher than what Vanguard is calling for.

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