Timothy Sumer

Michael Burry, the investor who predicted and bet big on the 2008 market crash, is once again predicting another downturn, and has put $1.6 billion on the line in preparation for it. #CNN #News... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing 'Big Short' Investor Michael Burry Bets on Wall Street Downturn Michael Burry, one of the prominent investors who predicted the subprime mortgage crisis of 2008 and portrayed by Christian Bale in the hit movie 'The Big Short,' is once again making a bold bet on Wall Street. Burry has recently disclosed that he has been placing significant wagers on a downturn in the US stock market. Burry, a former hedge fund manager and the founder of Scion Asset Management, has gained fame for his contrarian bets and keen analytical skills. In the years leading up to the housing market collapse, h

Speaking in his first interview since the failure of Silicon Valley Bank, JPMorgan Chase CEO Jamie Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession. #CNN #News... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing In the midst of economic uncertainty and increasing fears of a global recession, recent banking turmoil has added another weight on the scale. From falling stock prices to trade tensions, financial institutions have been grappling with a range of challenges that are now impacting the global economy. Jamie Dimon, the CEO of JPMorgan Chase, recently shared his concerns about this situation, further reinforcing the growing worries surrounding a recession. Dimon, who is known for his keen understanding of the banking industry, has bee

California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to protect depositors as a crisis at the startup-focused lender rippled through global markets and hit banking stocks. 🔔 Subscribe to France 24 now: 🔴 LIVE - Watch FRANCE 24 English 24/7 here: 🌍 Read the latest International News and Top Stories: Like us on Facebook: Follow us on Twitter: Discover the news in pictures on Instagram: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing US regulators have seized Silicon Valley Bank, marking the largest bank failure since the financial crisis a decade ago. The news has sent shockwaves throughout the financial sector and raised concerns about the stability of the banking industry in the United States. Silicon Valley Bank, which is

Former Treasury Secretary Larry Summers tells CNN's Wolf Blitzer why he believes it's "more likely than not" the US will face a recession and when he thinks it will happen. #CNN #News... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Larry Summers, the former United States Treasury Secretary and renowned economist, recently made headlines when he predicted that the US will enter a recession in the near future. This prediction has caused many to speculate on the likelihood and timing of such an event and its potential consequences for the global economy. Summers' prediction is based on several factors. One is the ongoing trade war between the US and China, which has caused economic uncertainty and disrupted supply chains. Another is the slowing of global growth, particularly in Europe and China. Summers believes that these f