The US Federal Reserve's massive bond-buying program may have prevented a credit collapse during the financial crisis but it hasn't done much to boost consumer spending, said Patrick Chovanec, chief strategist at Silvercrest Asset Management.
In an interview to CNBC-TV18, Roger Nightingale of Roger Nightingale & Associates says with the new year looming, a recession in the new year is inevitable.
Roger Nightingale of Roger Nightingale & Associates is not a hopeful man. According to him, the world economy has burned its wings. “I am afraid we are with absolute certainty in a recession. There is a great possibility of a depression too,” he says in an interview with CNBC-TV18.