The bond market is signaling a recession
Matt Turner
BusinessInsider.com
Jan. 22, 2016
Financial markets seem to be bracing for a global recession.
One example of this in action is the bond market, which has “recessionary” fund flows as investors shift their money out of high-yield funds and into government bonds.
For Larry Fink, CEO of BlackRock, the market chaos of the first few weeks of 2016 is a bit of short-term pain for a long-term gain. Hedge fund billionaire George Soros, on the other hand, is bearish.
In other news, JPMorgan is going to let employees take a little more parental leave, and hedge fund manager David Tepper just inked a deal to open an office in the most colorful building I’ve ever seen.
Finally, if you’re in the Northeast US, here’s what to expect from the ‘paralyzing’ blizzard set to clobber the region later today.
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