SoftBank's Son Prepares for 'Worst-Case Scenario' in U.S.
SoftBank CEO and founder Masayoshi Son offered some dire predictions for the U.S. over the next few months as the second wave of coronavirus rages.
In an interview at The New York Times’ Dealbook conference Tuesday, Son said he is preparing for a “worst-case scenario." He said, "in the next two or three months, any disaster could happen."
While Son didn't provide specifics, he said a major company could crash and created a domino-effect like the failure of Lehman Brothers during the credit crisis.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Inflation relief has likely been delayed not destroyed - GS
- Micron Technology (MU) plans to construct a $100B "Megafab" employing more than 9,000 workers in Upstate NY - Nikkei
- Investors turn less bullish on S&P 500 amid inflation, geopolitical risks- Citi
Create E-mail Alert Related Categories
General News, Trader TalkRelated Entities
Lehman BrothersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!