Anthony Scaramucci: Chance of Recession Now 75%
According to top hedge fund manager Anthony Scaramucci, proprietary research from Skybridge suggests the economy is in trouble.
In a live interview on CNBC'S Fast Money, Scaramucci says, "There’s now a greater than 75% chance that we’ll be in recession by the first quarter of 2012.”
And as a result he thinks the stock market is challenged.
”That suggests a reduction in equity prices between 15-20%. Not much we can do to stave that off,” he says.
So are hedge funds better hedged against a downturn than they were in 2008? Scaramucci addresses that issue too. Get all the details here. Watch the video now!
Got something to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to firstname.lastname@example.org.
CNBC.com with wires.