Forbes (July 11)
“Bitcoin bulls beware: Wall Street expects the cryptocurrency’s crash to get a whole lot worse. The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000,” according to survey of 950 investors. This “lopsided prediction underscores how bearish investors have become. The crypto industry has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic that fueled a speculative frenzy in financial markets.”
Tags: Bearish, Bitcoin, Bulls, Crash, Cryptocurrency, Currencies, Easy money, Financial markets, Investors, Lenders, Pandemic, Prediction, Rally, Speculative frenzy, Survey, Troubled, Wall Street
Forbes (May 19)
“As bitcoin and crypto traders come to terms with the huge price crash that’s wiped $1 trillion from the combined crypto market since April, fears are mounting that more pain could be on the way if stock market contagion spreads.”
Tags: $1 trillion, Bitcoin, Contagion, Crash, Crypto market, Fears, Pain, Price, Stock market, Traders
Wall Street Journal (May 13)
“Well, the party was fun while it lasted. But now the liquidity tidal wave is crashing as it always does when credit conditions tighten. This week’s crypto-currency crash is the first body exposed on the beach, and let’s hope the damage doesn’t spread too far into the financial system and broader economy.”
Tags: Broader economy, Crash, Credit, Crypto-currency, Damage, Financial system, Liquidity, Party, Spread, Tidal wave, Tighten
CNN (May 9)
“After 14 straight months of year-over-year home price growth reaching into the double digits, we’re finally starting to see the early signs of a cooling housing market.” This doesn’t portend an imminent crash. “In fact, prices may not even fall. Rather, this will be a much-needed rebalancing from the unhealthy market conditions we see today.”
Tags: Cooling, Crash, Double digits, Early signs, Homes, Housing market, Price growth, Rebalancing, Unhealthy
Institutional Investor (August 6)
“Markets may have bounced back quickly from March’s Covid-19 crash, but the asset management industry will not escape 2020 unscathed.” The pandemic is “expected to shrink” the global asset management industry by almost $2 trillion. “The decline in global assets under management ends more than a decade of growth for money managers.”
Tags: Asset management, AUM, COVID-19, Crash, Decline, Growth, Markets, Money managers, Pandemic, Shrink
Financial Times (July 2)
“Some of the biggest investment banks and fund managers have advised their clients to take profit from the dizzying rally on Wall Street that followed the mid-March crash. Instead, they say, look to Europe.”
Tags: Advised, Clients, Crash, Dizzying, Europe, Fund managers, Investment banks, Profit, Rally, U.S., Wall Street
NBC News (June 9)
“Stocks soar despite coronavirus and a recession. It’s time for a reality check, and a crash. Psychological factors are making markets poor gauges of the U.S. economy’s strength. We should wrench our eyeballs from the ticker tape before it’s too late.”
Tags: Coronavirus, Crash, Economy, Markets, Psychological, Reality check, Recession, Stocks, U.S.
Jerusalem Post (June 9)
“Following “a very steep increase in morbidity” in Israel, “the coronavirus cabinet decided on Monday to freeze nearly all easing of restrictions that were expected in the coming days as the number of active cases continues to climb across the country.”
Tags: Coronavirus, Crash, Economy, Markets, Psychological, Reality check, Recession, Stocks, U.S.
Foreign Policy (October 2)
“A no-deal Brexit will destroy the British economy. The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.”
Tags: Brexit, British economy, Conservative Party, Crash, EU, No-deal, Recession, UK
South China Morning Post (September 3)
“Bankers did not cause the 2008 financial crisis…. Instead, blame for the crash lies squarely with the world’s governments. Sure, bankers were both greedy and reckless. But it was government policies that created the conditions in which greed and recklessness were allowed–even required–to flourish.” By ignoring this and “failing to learn from their mistakes, they have made another crash inevitable.”
Tags: Bankers, Blame, Crash, Financial Crisis, Governments, Greedy, Inevitable, Reckless
