One hundred dollar bills neatly lined up with a torn piece of paper reading "stock market crash?"

A Recession Worse than 2008 is Coming

The S&P 500 has begun 2016 with its worst performance ever. This has prompted Wall Street apologists to come out in full force and try to explain why the chaos in global currencies and equities will not be a repeat of 2008. Nor do they want investors to believe this environment is commensurate with the…

Red arrow, red globe, and litany of red stock market numbers indicating stocks down

Market Crash Robs $2.3 Trillion from Investors

The stock market rout is starting to get really expensive — destroying $2.3 trillion from the market’s top last year and $1.5 trillion in net wealth just this year. The giant companies that predominantly populate the Standard & Poor’s 500 have fallen an average of 8.9% this year — which, when translated into dollars, is…

The reflection of clouds and city buildings on digitally displayed stock market prices

Late Selloff Puts Stock Indexes in Correction

The late-day selloff came despite earlier gains sparked by better-than-expected trade data from China and an early bounce in oil prices from recent lows. But the two-day bounce faded as the mood shifted on Wall Street from the once-winning buy-the-dip mentality to a “sell the rally” strategy, says Jack Ablin, chief investment officer at BMO Private Bank. By the…

Snippet of newspaper article about financial crisis of 2008 with a focus on the word "disbelief"

Soros: It’s the 2008 Crisis All Over Again

Billionaire financier George Soros is warning of an impending financial markets crisis as investors around the world were roiled by turmoil in China trade for the second time this week. Speaking at an economic forum in Sri Lanka’s capital, Colombo, he told an audience that China is struggling to find a new growth model and…

Individual white blocks with black letters spelling "Junk Bond" on black background

Concern about Junk Bonds Not Over Yet

U.S. junk bonds are trading down on Wednesday, following global stocks lower as investors fret about North Korea’s possible nuclear test, China’s slower-growing economy and a fresh plunge in oil prices. Some energy companies were among the biggest losers on the day, including bonds from Range Resources Corp and California Resources Corp. A Range Resources…