Is the US economy on a tailspin into recession? https://ift.tt/PJvKIib and big-time hedge fund investor Leon Cooperman says the US economy will go into a recession and stocks will fall much further. He told CNBC Tuesday the S&P 500 would fall 40 per cent in total from peak to trough. He said the index might not bounce back until it hits 3,000 - 20 per cent below Monday's close.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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