BlackRock, Jeffrey Gundlach, Jeremy Siegel renew recession warnings as banking turmoil leaves economic confidence in tatters
The brief bout of economic optimism that marked the start of this year, sparked by some surprisingly strong data, has long worn off and the recent banking turmoil has undermined the confidence of investors and businesses.
A raft of big Wall Street names and other experts are now issuing fresh warnings of an impending recession that could cripple corporate earnings and send stocks tumbling. Jeffrey Gundlach, David Rosenberg, Morgan Stanley's Mike Wilson and Wharton professor Jeremy Siegel are among those who have sounded the alarm on an oncoming economic downturn.
To be sure, there are still optimists left on Wall Street – short-seller Jim Chanos has suggested thatcould be a signal that an economic slump isn't coming anytime soon. Yet, the latest economic commentary from top voices is sounding a distinct note of caution about increased economic risks. Below is a selection of the most recent recession warnings from high-profile investors, analysts and other experts.
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