• The Nasdaq selloff isn't over and the economy is headed for 'painful stagflation,' says Galaxy Digital CEO Mike Novogratz

    17 days ago - By Business Insider

    Michael Novogratz. Dimitrios Kambouris / Getty Images
    The Nasdaq has more downside ahead and could fall as low as 10,000, according to Galaxy Digital CEO Mike Novogratz.
    He also told CNBC that the economy won't have a soft-landing with painful stagflation to come.
    "When inflation gets as high as it gets, you need to put the economy in a recession to stop inflation," Novogratz said.
    The massive stock market sell-off isn't over yet as there's a lot more turmoil ahead for the economy, Galaxy Digital CEO Mike Novogratz predicted Friday. The comments come a day after the Dow Jones Industrial...
    Read more ...