Investor Danny Moses si founder of founder of Moses Ventures. He bet against mortgage-backed securities before the 2008 financial crisis.
Here’s the report for some weekend reading if interested.
Comments:
- “I think we are underestimating the impact to the economy of the cuts we’re making at the federal government, and what that might mean in terms of knock-on effects,”
- “I think we’re hurting the revenue side of the equation,”
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said first-quarter earnings reports will likely reveal signs of a market slowdown
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consumer confidence already showing weakness
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risks of economic downturn haven’t been fully priced into the markets yet.
Speaking on CNBC.
This article was written by Eamonn Sheridan at www.forexlive.com.