Wall Street

Economist Roubini: Why Stocks Poised for 50% Wipeout

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By Dan Weil The stock market is off to its worst start to a year since 1962, with the S&P; 500 dropping 21% in the first half of 2022. The stock market is off to its worst start to a year since 1962, with the S&P 500 dropping 21% in the first half of 2022. Meanwhile, many experts are warning that a recession is likely within the next two years, after the economy shrank an annualized 1.6% in the first quarter. And renowned economist Nouriel Roubini, one of those who called the financial crisis of 2008, says we ain’t seen nothing yet. “The next crisis will not be like its predecessors,” he wrote…

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