That’s the situation now! Video outlook (german)

Yesterday, Wall Street was shocked by the further slump in US industry. The ISM index showed a value of 47.6 – recession worries have returned. Can the Fed save the situation with further rate cuts? No, UBS says in a study: Unlike in the 1990s, companies are on the decline (earnings warnings – most recently from Exxon tonight. Almost all S&P companies that have reported so far have lowered their forecasts). So even if the Fed cuts interest rates further, equities would fall. Meanwhile, the impact is approaching: Fitch lowers We Work to de facto bankruptcy after the failed IPO. The time of mad valuations for non-functioning business models is now over in the US as well.

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