This analyst sees a recession coming, and thinks investors are blind to the fact the bear market for stocks has already started:
Investors are waking up to a rumble on the geopolitical front, as tensions heat up between two big nuclear powers, India and Pakistan. See below for more details, and watch for Southern Asia unease to be used as an excuse for selling, something that has already been seen across global equities. Earnings disappointment and ever-present worries about the U.S. economy also get some credit for rattling investors Wednesday.
” — That was Pakistan’s president and former cricket star Imran Khan in a televised statement, who added. “We invite you for dialogue... better sense must prevail.” His comments come after Pakistan says it shot down two Indian jets and seized the pilots, Wednesday, a day after Indian warplanes bombed what they described as a terrorist camp on Pakistani soil. The whole mess started after a suicide attack that killed 40 Indian paramilitary officers nearly two weeks ago.
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