Sunday, August 19, 2012

WSJ: Wall Street Sees Dark Clouds Ahead

By SIMON CONSTABLE

Wall Street professionals earn a lot of their oversized paychecks playing the roles of modern-day clairvoyants, peering into the future and telling investors where the economy is heading.

As the presidential election drones on, you could be forgiven for thinking that the country is headed over a cliff. After all, that's what the one guy keeps saying about the other guy.

Here's a news flash: Whoever wins, the country probably isn't collapsing.

But that doesn't mean there isn't a lot of uncertainty about the economy—and lots of reasons to be cautious.

We asked some of the savviest fortune tellers on Wall Street to look beyond the election rhetoric and give a sense of what to expect in the next six to 12 months. Here is the short version.

Photo by Johny Goerend on Unsplash

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