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Economy

Vanguard Warns of Worsening Odds for the Economy and Markets

The forecast suggests opportunities, not just problems, Mr. Davis said. The 10-year outlook, for example, includes lower projected annualized returns, but still positive ones, for these two stock categories: ■ United States stocks, an expected 10-year return of 3.9 percent, annualized, down from a projection of an 8 percent annualized …

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How Citigroup Escaped Financial Disaster in 2008

BORROWED TIME Two Centuries of Booms, Busts, and Bailouts at Citi By James Freeman and Vern McKinley 365 pp. Harper Business. $35. I was very much looking forward to reading “Borrowed Time,” James Freeman and Vern McKinley’s book about “two centuries of booms, busts, and bailouts” at Citigroup, once the …

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4 Takeaways From a Long-Term G.D.P. Revision

Over all, growth averaged 2.1 percent in the first quarter from 2012 to 2017, up from 1.6 percent. For the third quarter, it averaged 2.4 percent, down from 2.7 percent. That may not perfectly smooth out the seasonal bumps, but it’s close. Americans are saving more than we knew Possibly …

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