Overcast 32°
Tag:

Recession

News
Wall Street Vet With VA Tie Trending For Predicting Economic Downfall Wall Street Vet With VA Tie Trending For Predicting Economic Downfall
Wall Street Vet With VA Tie Trending For Predicting Economic Downfall A Virginia-raised investor with a tie to New Jersey is going viral for his recent prediction on the status of the economy. “The economy is going to collapse,” Novogratz said in a Wednesday, June 15 interview with MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways.” The Princeton University graduate's remarks came shortly before the Federal Reserve raised rates by 0.75 percent in an attempt to reduce inflation without going into a recession. Novogratz, CEO of cryptocurrency investment firm Galaxy Digital, cited layoffs in …

SHARE

by Nicole Acosta