We spoke to 2 veteran economists about how they survived the last 30 years of financial crises ? and they explained why Wall Street millennials are ill-prepared to handle the next one
Companies, agencies, institutions, etc
Associates
Business Insider
S&P
The Federal Reserve
Hoisington Investment Management
the Bank of Nova Scotia
Hunt
People
David Rosenberg
Gluskin Sheff
Lacy Hunt
Groups
US
Physical locations
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Places
No matching tags
Locations
China
US
Events
the Great Recession
Black Monday
Summary
"You need to know economic history," Dr. Lacy Hunt of Hoisington Investment Management — an award-winning economist, author, and 50-year Wall Street veteran — told Business Insider. In the turmoil that followed Black Monday, Rosenberg says he learned how the market behaves in different types of recessions and how to evaluate numerous threats to stocks and the economy. Read more: 'China isn't going to implode': A Wall Street chief strategist breaks down why the nation's latest economic warning isn't a disaster and outlines the path higher for US stocks Hunt, 76, says the dominant trading styles of trading and analysis today could also turn into a problem because it's encouraging investors to focus on single economic indicators instead of the bigger picture.
As said here by Marley Jay