Fox Business Segment Warns of ‘Flashing Red Signals’ In the Markets: ‘Similar to the Summer of ’87’
McDonald said rising global yields and tariffs are weakening the stock-bond tradeoff, with household costs up about $900 this year, he said.
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Fox Business Segment Warns of ‘Flashing Red Signals’ In the Markets: ‘Similar to the Summer of ’87’
Fox Business anchor Cheryl Casone spoke to investment guru Larry McDonald on Tuesday about the state of the economy. McDonald took the opportunity to warn about the bond market looking “similar to the summer of ’87,” just before the Black Monday crash in October of that year. “Want to get your take on Nvidia, but I do want to also initially get your hot take on import/export prices, because those just crossed the tape, and what we’re seeing is a…
‘Red flashing signals’ flagged on Fox Business as Trump economy mirrors historic crash
Investor and market expert Lawrence McDonald highlighted a series of “red flashing signals” Tuesday during an appearance on Fox Business, signals that he warned were “very similar” to conditions leading up to the 1987 global market crash known as Black Monday.Founder of The Bear Traps Report and a former Lehman Brothers vice president who co-wrote the bestselling account of the bank's 2008 collapse, "A Colossal Failure of Common Sense," told Fox…
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