Legendary economist warns: US recession almost inevitable, US stocks could plunge by 30%
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Glonghui, May 7th|Legendary economist and former Merrill Lynch chief strategist Gary Shilling believes that almost nothing can prevent the US economy from falling into a recession this year. In a recent interview with Business Insider, Shilling expressed a pessimistic outlook on the market and economic prospects. In his view, given the persistent vulnerabilities in multiple sectors of the US economy, a recession in the US this year is almost inevitable. He also predicts that with valuations soaring to dizzying heights, US stocks could see a sharp adjustment. Shilling stated that he believes the S&P 500 Index could ultimately fall by as much as 30%, with a bear market-level decline possibly arriving before the end of the year.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Global oil prices are soaring, Modi urges Indian citizens to conserve fuel
老虎证券•2026/05/10 16:57
Trending news
MoreMiddle East Stock Market Closing Report: Egypt's stock market rises 1.9%, hitting a new all-time closing high, while Oman's stock index has surged more than 90% in the past year
In the past 24 hours, the MarketVectorTM Digital Assets 100 Small Cap Index rose by 1.75%, currently at 3,056.02 points, approaching the February 4 top of 3,104.13 and the January 31 top of 3,352.34 points. On January 11, it had surged to 6,268.44 points.
Crypto prices
MoreBitcoin
BTC
$81,440.25
+0.77%
Ethereum
ETH
$2,363.98
+1.42%
Tether USDt
USDT
$0.9998
+0.01%
XRP
XRP
$1.5
+5.71%
BNB
BNB
$659.99
+1.55%
USDC
USDC
$0.9996
-0.01%
Solana
SOL
$96.22
+3.22%
TRON
TRX
$0.3519
+0.48%
Dogecoin
DOGE
$0.1110
+1.29%
Hyperliquid
HYPE
$43.62
+1.50%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now