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By Ivaylo MARKOV, Managing Partner of Thales Capital
Here's something for investors to think about: as the Federal Reserve (Fed) raises interest rates to 5% or more, will that destroy the economy, financial markets and stock prices?
The American stock market has revived to start 2023, parlaying much of the painful losses of a year ago. The upward tone is tied to the view that the Fed will need to cut rates this year to prevent a recession, reversing one of its fastest rate hikes in history to day. Investors who warn of the coming of the "Doomsday", including hedge fund billionaire Paul Singer, have long spoken of this outcome. Singer believes that a credit pizza and a deep recession may be necessary to clear dangerous levels of froth in the...
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