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Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US

[May 12 3:19 PM] Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted…

Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem

[Apr 9 5:26 PM] Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic…

Shark Tank Star Kevin O’Leary Warns More US Banks Will Fail

[Jul 31, 2023 5:30 PM] Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the…

Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’

[Mar 14, 2023 5:30 PM] Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The…

Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes

[Mar 8, 2023 1:30 PM] Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to…

Billionaire ‘Bond King’ Jeffrey Gundlach Warns of ‘Painful Outcomes’ in Next Recession

[Feb 26, 2023 6:30 PM] Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: “The more…

Federal Reserve Officials Say More Interest Rate Hikes Are Needed to Curb Inflation

[Feb 9, 2023 7:00 PM] Several Federal Reserve governors and presidents say that more interest rate hikes are needed to curb inflation. “We are not done yet with raising interest rates,” Fed Governor Lisa Cook said. “We need to raise rates aggressively…

The Market Has Decided a Recession Is Coming, Says Mad Money’s Jim Cramer

[Feb 6, 2023 9:30 PM] The host of Mad Money, Jim Cramer, says the market has already decided that the Federal Reserve “will tighten and create a recession no matter what.” Cramer also recently said that we are in a bull market, advising investors to buy the…

Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees

[Nov 13, 2022 7:00 PM] The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed…