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Ken Rogoff says a recession looms because some consumers think it's 'the end of the world'

1. Rogoff warns U.S. recession likelihood has increased sharply. 2. Trump's tariffs significantly affect consumer confidence. 3. Consumers opposing Trump feel akin to the 2008 crisis. 4. Rogoff highlights unpredictability in Trump’s tariff policies. 5. U.S. dollar's dominance has peaked, according to Rogoff.

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FAQ

Why Bearish?

Increased recession fears typically correlate with lowered stock prices, historically observed during economic downturns like 2008.

How important is it?

Increased recession fears generally impact economic outlook, heavily influencing stock market performance.

Why Short Term?

Fear of recession can precipitate immediate market reactions, possibly leading to declining S&P 500 valuations in the near term.

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