Cramer says “Recession Imminent”: Collapse of oil prices and bond yields is worse than ‘the chaos of 2007-2009’


 

(From CNBC)

CNBC’s Jim Cramer said early Monday that the collapse in oil prices and bond yields put the stock market in “uncharted waters” as Dow futures were pointing to a 1,300-point nosedive at Wall Street’s open.

As crude futures were plunging Sunday night after OPEC’s production cut deal failed and the 10-year Treasury yield was making shocking new lows in a global flight to the perceived safety of bonds, Cramer tweeted that these moves are “signaling an imminent recession.”

Reprinted from: https://www.ac2news.com/2020/03/cramer-says-recession-imminent-collapse-of-oil-prices-and-bond-yields-is-worse-than-the-chaos-of-2007-2009/

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