Prepare For Economic Crisis: Fund Managers Warn ‘It’s Going To Be UGLY’

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Fund managers have been warning that an economic downturn is in the making, and they are prepared for it.  They say it’s “going to be ugly,” but how can you prepare for the coming economic crisis?

The main culprit for the looming downturn, fund managers say, is the Federal Reserve, which is expected to again raise U.S. overnight interest rates on Wednesday. The signs are starting to add up. The United States is at the top of the economic cycle, and therefore headed down, likely into a bear market and recession, an increasing number of economists and money managers say.  “When the music stops I do think it’s going to be pretty ugly,” said Jonathan Beinner, chief investment officer of global fixed income at Goldman Sachs Asset Management.

Led by new Chair Jerome Powell, the Fed is slowly bringing interest rates up from zero.  According to Yahoo News, those rates were near zero for around a decade. This is an apparent attempt to stabilize the economy and keep…

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Prepare For Economic Crisis: Fund Managers Warn ‘It’s Going To Be UGLY’