Reported 24 days ago
Veteran strategist Bill Blain predicts persistent inflation and rising interest rates could lead to a significant downturn in stocks, potentially dropping by 7%-12% in the next year. Despite recent declines in borrowing costs, Blain warns that these rates will remain high and could hinder economic support systems, impacting investor sentiment and market stability. He cautions that inflationary pressures from government debt, supply chain issues, and geopolitical tensions will ensure that rates can't drop significantly, leading to a challenging economic landscape ahead.
Source: YAHOO