Fed Expects Banking Crisis To Cause A Recession This Year, Minutes Show
The minutes from the March meeting of the Federal Open Market Committee show that the Fed expects a banking crisis to cause a recession this year.
Paul Singer, The Man Who Saw The Economic Crises Coming
The founder of Elliott Management and one of the world’s most successful hedge-fund managers, Paul Singer, was the man who saw the economic crisis coming. He also predicted inflation at the start of the Covid pandemic.
Sri Lanka Declares Emergency
Sri Lankan President Gotabaya Rajapaksa announced a state of emergency on Friday as violence erupted in Colombo during large rallies against economic mismanagement.