Top

Reagan and Bush economic adviser says stocks are due to fall

January 17, 2018

Via: CNN

Martin Feldstein, one of the most influential Republican economists of the last 40 years, is warning that the stock market is poised to plunge.

That could drag down the U.S. economy, Feldstein warned.

In Wall Street Journal column with the headline “Stocks Are Headed for a Fall,” Feldstein argued that years of cheap money from the Federal Reserve has produced an overvalued stock market. He expects stocks to tumble as interest rates on bonds start to rise.

Read More on CNN