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SOCGEN: The good times are coming to an end in 2018





sweeping trading floor

  • Societe Generale economists and credit strategists forecast a slowdown in the US economy to begin between 2019 and 2020.
  • This year has been marked by a strong earnings recovery and resilient economy, which have fueled investor interest in buying risky corporate bonds.
  • But as the Federal Reserve and European Central Bank stop their own bond buying, the credit market will be more vulnerable, forecast Societe Generale strategists.
  • Economists at other firms, including Morgan Stanley and Guggenheim, have also forecast that 2018 could represent a peak for this cycle.

The party’s almost over, Societe Generale strategists say.

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Source:: BusinessInsider.Com

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