U.S. Economy

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”  Spitznagel is an American investor and hedge fund manager best known for founding Universa Investments, a hedge fund that […]

BlackRock CEO Larry Fink: ‘I Am a Major Believer That There Is a Role for Bitcoin in Portfolios’

On July 15, 2024, BlackRock Chairman and CEO Larry Fink appeared on CNBC’s “Squawk on the Street” to discuss the company’s latest quarterly financial results, the economic outlook, the failed assassination attempt on former U.S. President Donald Trump, the current investing landscape, the state of capital markets, and the evolving role of cryptocurrency in financial […]

Americans Feel the Squeeze as High Prices Persist Despite Slowing Inflation, Report Finds

Inflation in the United States is slowing, but prices remain high, creating persistent challenges for consumers. While the economy is expanding with a lower rate of price growth and a robust job market, the overall cost of living remains elevated. According to a recent report by Jessica Dickler for CNBC, despite a broad pullback in […]

The End of the Petrodollar? Andy Schectman Warns of Potential Total Financial Collapse in the U.S.

The term “petrodollar” refers to the practice of pricing and trading oil in U.S. dollars. This system began in the early 1970s when the U.S. made an agreement with Saudi Arabia to price all of its oil sales in U.S. dollars. In return, the U.S. provided military and economic support to Saudi Arabia. This agreement […]

Wells Fargo’s Scott Wren on Shifting from Tech After S&P 500’s Worst Session Since April 30

On July 11, Scott Wren joined CNBC’s “Closing Bell Overtime” to discuss the day’s U.S. stock market action. Scott Wren is a senior global market strategist at Wells Fargo Investment Institute (WFII), a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. WFII focuses on providing top-tier investment expertise and advice, helping […]

A 32% U.S. Stock Market Crash Is Coming in 2025, Predicts BCA Research’s Chief Global Strategist

According to a recent note from Peter Berezin, the U.S. stock market is expected to experience a significant downturn. Berezin is a financial analyst and strategist, serving as the Chief Global Strategist at BCA Research, a firm specializing in global investment research. He focuses on offering strategic investment advice and economic analysis, covering global economic […]

iCapital’s Chief Investment Strategist Explains Why She Is Concerned About U.S. Tech Sector Stocks

On July 9, Anastasia Amoroso, iCapital’s Chief Investment Strategist, joined CNBC’s “Squawk Box” to share her insights on the latest market trends, the state of the economy, and the health of the consumer. Amoroso is the Managing Director and Chief Investment Strategist at iCapital Network, where she advises on private and public market investment opportunities. […]

U.S. Economy Could Come to a ‘Virtual Standstill’ in Next 6 Months, Warns Rockefeller International Chairman

On July 9, Ruchir Sharma, Chairman of Rockefeller International, shared his insights on CNBC’s “Closing Bell Overtime” regarding the emerging opportunities in global markets, particularly as the U.S. economy shows signs of deceleration. Rockefeller International, part of Rockefeller Capital Management, provides a range of financial services, including wealth management, asset management, and investment banking. The […]

Why Altcoins Are Crashing and What’s Next, Reveals Prominent Crypto Analyst

In a video released earlier today, crypto analyst Michaël van de Poppe, also known as “Crypto Michaël,” delved into the reasons behind the ongoing crash in altcoin prices and offered insights into the future of the cryptocurrency market. Michaël started by acknowledging the significant downturn in the altcoin market, with some major altcoins dropping by […]

Why America’s $34 Trillion Debt Isn’t as Scary as It Seems, Explains Renowned Economist Paul Krugman

Paul Krugman highlights the significant national debt of $34 trillion in his latest opinion piece for The New York Times (NYT), emphasizing that while it appears daunting, the historical and international context diminishes its perceived threat. Paul Krugman is a renowned American economist and public intellectual, known for his influential work in international economics and […]

The Future of the Federal Reserve Under a Potential Trump Presidency

As the US 2024 presidential race heats up, the potential impact of a Donald Trump victory on the Federal Reserve is a topic of growing interest among financial experts and political observers. Trump’s tumultuous relationship with the Fed during his previous term, characterized by frequent criticism of the central bank’s policies and its chair, Jerome […]

Stanley Druckenmiller Unplugged: A Billionaire Investor’s Take on the Fed, AI, and Global Opportunities

In a recent CNBC interview, billionaire investor Stanley Druckenmiller shared his thoughts on a wide range of topics, including the Federal Reserve’s monetary policy, inflation, artificial intelligence (AI), and his global investment strategies. Stanley Druckenmiller is highly regarded for his consistent and impressive investment performance, particularly during his tenure at the Quantum Fund with George […]

Federal Reserve Officials Express Concerns Over Persistent Inflation, Remain Cautious on Rate Cuts

Federal Reserve officials have grown increasingly worried about the stubborn nature of inflation, as revealed in the minutes from the April 30-May 1 policy meeting of the Federal Open Market Committee (FOMC). The minutes, released on Wednesday, indicated that policymakers lacked the confidence to move forward with interest rate reductions due to the lack of […]

$BTC: QCP Capital Expects ‘Bullish Momentum’ to Bitcoin Price to Its All-Time High in Coming Weeks

The release of softer-than-expected U.S. inflation data has ignited bullish sentiment for riskier assets, with Bitcoin (BTC) leading the way. According to CoinDesk, Singapore-based QCP Capital said in a recent note to clients that favorable market conditions might push Bitcoin prices toward the $74,000 mark soon, driven by growing institutional demand. The U.S. Consumer Price […]

Crypto Market Surges After Better Than Expected U.S. Inflation Data Increases Chances of a Fed Rate Cut Later This Year

According to CNBC, in a much-anticipated report from the Labor Department’s Bureau of Labor Statistics, the consumer price index (CPI) showed a modest increase of 0.3% in April compared to March. This figure was slightly below the Dow Jones estimate of 0.4%, indicating a minor easing of inflationary pressures. However, the year-over-year CPI still rose […]

“Trump-Stalgia” Is “A Powerful Force”, Says Renowned Economist Paul Krugman

In a recent opinion piece for The New York Times, economist Paul Krugman revisits the question once posed by Ronald Reagan: “Are you better off than you were four years ago?” Krugman is a renowned American economist, a Nobel Prize laureate, and a prominent public intellectual. He’s known for his expertise in international trade and […]

The Ripple Effect of Crypto Wealth on the U.S. Economy and Housing Market

The rise of cryptocurrencies has not only created a new asset class but has also given birth to a new generation of wealthy individuals. As reported by Bloomberg News, a group of researchers has delved into the fascinating world of crypto wealth and its impact on the US economy. Their findings shed light on how […]

“Unlikely” Next Move Will Be Rate Hike, Says Federal Reserve Chair Jerome Powell

On Wednesday, the Federal Reserve concluded its latest FOMC meeting by keeping interest rates unchanged, maintaining the target range at 5.25% to 5.5%. This decision was widely anticipated by market participants and came as a relief to investors, who had been closely monitoring the central bank’s stance on monetary policy. According to a report by […]

Renowned Economist Paul Krugman Analyzes U.S. Q1 2024 GDP: Not as Disappointing as It Appears

In a recent analysis, economist Paul Krugman shared his thoughts on the United States’ economic performance following the release of the first quarter GDP report for 2024 by the Bureau of Economic Analysis. Paul Krugman is a Nobel Prize-winning American economist known for his influential work in international trade theory and economic geography. A prominent […]

In Times of Geopolitical Turmoil, Gold Should ‘Vastly Outperform’ Bitcoin, Says Jared Dillian

Recently, Michelle Makori of Kitco News engaged in an insightful discussion with Jared Dillian, a seasoned financial expert and author. Jared Dillian is a financial writer, investment strategist, and former Wall Street trader. He is well-known for his expertise in financial markets and for writing in a way that makes complex investment topics accessible to […]

Bitcoin Price Falls as Fed Chair Powell Expresses Caution on Rate Cuts

On Tuesday, Federal Reserve Chair Jerome Powell indicated that interest rate cuts might be postponed longer than initially expected due to ongoing high inflation readings. Speaking at a panel alongside Bank of Canada Governor Tiff Macklem at the Wilson Center in Washington, Powell highlighted the unexpected continuation of high inflation rates and suggested that the […]

Bitcoin Eyes $100,000 Milestone as It Decouples from Traditional Markets, Says Santiment’s Brian Quinlivan

In a recent analysis, market intelligence firm Santiment has spotlighted an emerging trend that could be pivotal for Bitcoin’s price trajectory: a diminishing correlation with traditional stock markets. According to Santiment’s latest observations, this trend may set the stage for Bitcoin to achieve unprecedented price levels, potentially reaching as high as $100,000. Santiment is a […]

Has the Highly Expected 2024 Rate Hike by the Fed Now Become a Matter of If Rather Than When?

According to a report published in The Wall Street Journal on April 10, the Federal Reserve faces new challenges in its ongoing battle against inflation, complicating its path to securing a soft economic landing. The WSJ article highlights an inflation report that surpassed expectations, posing significant implications for the Fed’s interest rate policies. The article […]

JPMorgan Chase CEO Jamie Dimon Warns of Economic Perils Lurking Beneath U.S. Resilience

On April 8, financial services giant JPMorgan Chase & Co. (NYSE: JPM) published its 2023 Annual Report, including letters to shareholders from its Chairman and CEO — Jamie Dimon — and other business heads. As of December 31, 2023, JPMorgan Chase reported possessing assets totaling $3.9 trillion and stockholders’ equity amounting to $328 billion. In his […]

Roubini Warns: The Fed May Halt Rate Cuts or Hike Rates Amid Geopolitical-Driven Inflation

On April 5, 2024, Dr. Nouriel Roubini, a respected economist (though not in the crypto community due to his anti-crypto views), who is the Chairman and CEO of Roubini Macro Associates, provided a nuanced perspective on the global economic outlook, focusing on interest rate expectations, geopolitical risks, and the performance of the US economy. His […]

Turtle Creek Wealth Advisors’ Chief Market Strategist on Bitcoin, Gold, and U.S. Treasuries

On April 2, David Spika, Chief Market Strategist at Turtle Creek Wealth Advisors, shared his insights on CNBC’s “Power Lunch” regarding the investment dynamics between Bitcoin and gold, especially against the backdrop of the current fiscal situation in the US and global economic conditions. Spika opened by addressing the anomaly in gold’s performance amidst expectations […]

Bitcoin’s Macro Story: U.S. Government “Can’t Keep Its Pants On and Is Spending Too Much Money” (Says Mike Novogratz)

Mike Novogratz, the CEO of Galaxy Digital, provided compelling insights into Bitcoin’s evolving market dynamics at the recent Bitcoin Investor Day conference in New York City. According to Novogratz, following the U.S. Securities and Exchange Commission’s (SEC) landmark approval of 11 spot Bitcoin ETFs in January, Bitcoin has been catapulted into a new realm of […]

Strike CEO: U.S. Will Try to Money Print Its Way Out of Debt Crisis, Boosting Bitcoin to New Highs

In a landscape where the US government’s debt has skyrocketed to a staggering $34.578 trillion, Strike CEO Jack Mallers sheds light on an inevitable economic trajectory that could significantly bolster Bitcoin (BTC). Speaking with Bloomberg Technology’s Ed Ludlow, Mallers offers a profound analysis of fiscal policies and their implications for the future of cryptocurrency. The […]

Trump or Biden – Which One Is ‘Wielding a Really Big Stick’? Noble Prize Winner Paul Krugman Thinks He Has the Answer

In a recent opinion piece for The New York Times piece, economist Paul Krugman explores the complex narrative of U.S.-China relations, critiquing the portrayal of Democrats, especially President Joe Biden, as lenient towards China. Krugman is a highly influential American economist renowned for his significant contributions to the field of international trade and economic geography. […]

Trump vs Biden 2024: Will Skyrocketing Food Prices Help Trump to Beat Biden?

In an article published by Bloomberg News earlier today, President Joe Biden’s efforts to showcase a strengthening economy and control inflation are put to the test against a critical everyday indicator: skyrocketing grocery prices. Former President Donald Trump recently stated that under President Joe Biden’s leadership, the economy has deteriorated to the point where food […]

Is Biden Doing a Much Better Job of Managing the US Economy Than Trump Claims? Paul Krugman Shows the Path to a Soft Landing

In a thought-provoking opinion piece for The New York Times, economist Paul Krugman revisits the concept of a “soft landing” in the context of current economic conditions, drawing parallels with historical instances of inflation and economic strategies. Paul Krugman is an American economist, distinguished professor, and op-ed columnist for The New York Times. Born on […]

Solana ($SOL) Outshines Major Cryptos Amid Market Downturn Caused by Higher Than Expected U.S. PPI

Solana ($SOL) has continued its rally over the past 24 hours despite a downturn in the broader cryptocurrency market. According to data from CryptoCompare, currently (as of 7:10 p.m. UTC on March 14), SOL is trading at around $163.77, up 1.24% in the past 24-hour period. Meanwhile, Bitcoin ($BTC) and Ethereum ($ETH) are trading at […]

JPMorgan CEO Jamie Dimon Urges the U.S. Central Bank to Delay Rate Cuts, Defends Right to Buy Bitcoin

Earlier today, Jamie Dimon, Chairman and CEO of JPMorgan Chase, shared his thoughts on the Federal Reserve’s potential interest rate cuts, the state of the U.S. economy, and his views on Bitcoin and artificial intelligence. While speaking at the Australian Financial Review business summit via livestream from New York on Tuesday, March 12, 2024, Dimon […]

Central Banks Scramble for Gold as Dollar Worries Mount: Bloomberg Macro Strategist Simon White

In a recent article published on Yahoo Finance, Bloomberg macro strategist Simon White shed light on the growing trend of central banks accumulating gold reserves. According to White, this move is driven by concerns over the potential erosion of the dollar’s real value due to persistently large U.S. fiscal deficits and the looming threat of […]

Biden’s Battle Cry Against Shrinkflation: Championing Consumer Rights Amid Soaring Food Costs

Shrinkflation is a subtle strategy adopted by companies where they reduce the size or quantity of their products while maintaining or slightly increasing the price. This approach effectively makes consumers pay the same amount or more for fewer products. Reasons behind the practice of shrinkflation include: Escalating Costs: Faced with rising costs for materials, production, […]

U.S. Economy Falls to 25th Place in Heritage Foundation’s 2024 Index of Economic Freedom

Founded by Grover Norquist in 1985, Americans for Tax Reform (ATR) stands as a pivotal conservative advocacy group in the U.S., with a primary focus on shaping tax policy to align with free-market principles. At the heart of ATR’s philosophy is the conviction that the government’s power is intrinsically linked to its taxing authority. Consequently, […]

Economist Paul Krugman Says U.S. Economy Looks Like ‘an Amazing Success Story’, Denies That Food Prices Are Soaring

In the realm of economic discussions, few topics resonate as personally with the average American as the price of groceries. Paul Krugman is an American economist, distinguished professor, and author known for his work in international economics and his commentary on economic policy. Born on February 28, 1953, Krugman has made significant contributions to the […]

Trump’s Economic Warnings vs. Bidenomics Success: A Paul Krugman Analysis

In a recent opinion piece for The New York Times, published on February 22, economist Paul Krugman offers an optimistic evaluation of the U.S. economy’s performance in 2023. Paul Krugman is a renowned American economist, author, and public intellectual. He was awarded the prestigious Nobel Memorial Prize in Economics in 2008 for his work on […]

Minutes of Federal Reserve’s Last FOMC Meeting Unveiled: What Traders and Investors Need to Know

On February 21, the Federal Reserve published the minutes from the Federal Open Market Committee (FOMC) meeting held January 30-31, 2024. Typically, these minutes are made public about three weeks following the Committee’s policy verdict. They provide insights into economic and financial conditions as perceived by the Committee at the time of the meeting, relying […]

What an $18 Big Mac Combo Meal Says About Inflation in Post-Pandemic America

In a recent MarketWatch article, the spotlight was turned on the escalating prices of fast food, particularly at McDonald’s, signaling a broader discontent among Americans with post-pandemic price increases. Social media users have voiced their concerns over what they perceive as steep prices for items like a $5 chicken sandwich or a $5.50 Egg McMuffin, […]

Impending Liquidity Crunch: Morgan Stanley Executive Warns of U.S. Stock Market Turbulence

On February 15, during an appearance on Bloomberg TV, Lisa Shalett, the Chief Investment Officer (CIO) at Morgan Stanley Wealth Management, provided a comprehensive analysis of the current state of the U.S. economy and its implications for the stock market. Economic Conditions: A Closer Look Shalett began by addressing the overarching concerns surrounding economic conditions, […]

Renowned Economist Paul Krugman: ‘Immigration Is One of America’s Great Sources of Power and Prosperity’

In a recent opinion piece for The New York Times, economist Paul Krugman delves into the complex issue of immigration in the United States, challenging widespread misconceptions and highlighting the indispensable role of immigrants in the nation’s economic fabric. Krugman is an American economist and public intellectual, widely known for his work in international economics, […]

Goldman Sachs Partner Explains Why She ‘Tactically’ Likes Russel 2000, Expects 5 Rate Cuts by the Fed Starting in May

In an appearance on CNBC’s “Closing Bell” yesterday, Sara Naison-Tarajano, the global head of Private Wealth Management Capital Markets at Goldman Sachs, shared her outlook for the U.S. stock market in 2024. The Market’s Bullish Trajectory Naison-Tarajano expressed a constructive outlook on the market, buoyed by strong economic data and earnings reports. With over half […]

Paul Krugman Says Biden’s Better Than ‘Goldilocks’ Economy Has Trump Backpedalling

In a recent opinion piece for The New York Times (NYT), Nobel laureate economist Paul Krugman delivers a robust analysis of the current U.S. economy, challenging the pervasive narrative of economic doom with a compelling defense of its vitality under President Joe Biden’s administration. Federal Reserve Chair Jerome Powell spoke to the public in a […]

U.S. Economy on Thin Ice: Former SEC Chair Jay Clayton Exposes Impending Bank Crisis

On February 12, Jay Clayton, the former Chairman of the Securities and Exchange Commission (SEC), joined CNBC’s “Squawk Box” to offer his insights into the current state of the commercial real estate sector, its potential repercussions on banks, and the overall economy. His analysis provides a nuanced understanding of the financial landscape, touching on systemic […]

Paul Krugman Calls Out U.S. Conservative Fear-Mongering on Europe’s Economy

In a recent opinion piece for The New York Times, Nobel laureate economist Paul Krugman offers a compelling counter-narrative to the conservative portrayal of Europe as a cautionary tale for the United States. Through his characteristic blend of wit and wisdom, Krugman challenges the assertions made by figures like Kristi Noem, the governor of South […]

Trennert Warns: Premature Fed Rate Cuts Could Jeopardize Market Stability

On February 12, 2024, Jason Trennert, Chairman and CEO of Strategas Research Partners, shared his expert analysis on CNBC’s “Squawk Box,” offering a deep dive into current market trends, the Federal Reserve’s ongoing battle with inflation, and the broader state of the economy. His insights provide a nuanced understanding of the financial landscape, revealing the […]

U.S. Congressional Budget Office Unveils Alarming Fiscal Forecast for the Next Decade

The Congressional Budget Office (CBO) in the United States is a nonpartisan agency that provides Congress with objective, impartial analysis of economic and budgetary issues. Its primary responsibilities include: Budget Analysis: The CBO analyzes the budgetary impact of proposed legislation, providing cost estimates for bills under consideration by Congress. This helps lawmakers understand the potential […]

U.S. Stock Market’s Stunning Performance Makes It Hard for Trump to Say “It’s the Economy, Stupid”

In a recent Politico article by Adam Cancryn and Meridith McGraw, the narrative surrounding the U.S. economy’s performance under President Joe Biden is compellingly unpacked. The piece highlights how the unexpected economic upturn is reshaping the political landscape, particularly for former President Donald Trump and his campaign’s strategy for the 2024 presidential election. According to […]

Economist Paul Krugman Challenges Trump’s MAGA Vision: Unveiling the True State of America

In a recent opinion piece published by The New York Times, Nobel laureate Paul Krugman delves into the stark contrast between the dystopian narrative propagated by MAGA supporters and the actual state of the United States. Krugman is a renowned American economist, author, and columnist. Born on February 28, 1953, Krugman has made significant contributions […]

Renowned Economist Paul Krugman Says Joe Biden Should Be ‘Boasting’ About Recent ‘Extremely Good’ News About U.S. Economy

In a thought-provoking social media thread on platform X (formerly known as Twitter) on 10 February 2024, Paul Krugman dissected the current economic climate, suggesting that President Biden should openly celebrate recent economic successes. Krugman’s commentary sheds light on the complex interplay between economic data, public perception, and political partisanship. Krugman, an eminent economist and […]

U.S. Stock Market in ‘Nirvana’: Trump Leading in Polls and Janet Yellen ‘Pumping Away As Hard As She Can’

On February 9, the day that the S&P 500 closed above 5,000 for the first time, in an enlightening interview with Bloomberg TV, Scott Bessent, CEO & CIO of Key Square Capital, shared his expert analysis on the current state of the US stock market, attributing the recent rally to anticipations of a Trump victory […]

As S&P 500 Closes Above 5,000 for First Time, eToro US CEO Analyzes Retail Investor Behavior

On February 9, the day that marked the S&P 500 closing above 5000 for the first time, the spotlight turned to retail investors and their influence on this rally. Yesterday, in a conversation with CNBC’s “Fast Money,” Lule Demmissie, the US CEO of the popular trading platform eToro, shared valuable insights into how retail investors […]

S&P 500’s ‘Remarkable’ Milestone: JPMorgan Strategist on What This Tells Us About the Future of the U.S. Economy

On February 9, David Kelly, chief global strategist for JPMorgan Asset Management, went on CNBC’s “Squawk on the Street” to share his thoughts on the S&P 500 reaching 5,000 and what this achievement may or may not indicate about the months ahead. The Significance of S&P 500 at $5,000 Kelly reminisced about the days when […]

Why Investors in U.S. Treasury Bonds Should Be Concerned About a Potential Trump Victory, Explains DWS

With an impressive EUR 896 billion in assets under management as of 31 December 2023, DWS Group’s influence spans continents, drawing from over 60 years of financial expertise. The firm is lauded for its excellence in Germany, Europe, the Americas, and Asia, serving as a trusted partner for integrated investment solutions, known for its stability […]

Bracing for Impact: Expert Exposes Looming U.S. Economic Crisis Due to Fed’s Interest Rate Missteps

In a recent interview with Jeremy Szafron of Kitco News, Claudia Sahm, a former Federal Reserve economist and the founder of Sahm Consulting, provided a comprehensive overview of the current economic landscape, the Federal Reserve’s monetary policies, and the hotly debated topic of U.S. federal debt. Sahm is a well-respected authority on monetary and fiscal […]

The Unbreakable Investor: Charles Payne’s Vision for Navigating Economic Shifts and the Uncertain Future of the U.S. Dollar

In a compelling interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Charles Payne, a well-respected economic analyst and the host of “Making Money with Charles Payne” on the Fox Business Network, shares his trenchant insights into the financial world, with a particular focus on the precarious status of the U.S. dollar, the […]

Stunning Turn in the Bond Market: How the U.S. Government’s Latest 30-Year Treasury Bond Auction Defied Expectations

Rick Santelli is a well-known figure in the financial news world, serving as an editor for the CNBC Business News network. Born on July 6, 1956, Santelli has been with CNBC since June 14, 1999, where he has made a name for himself by reporting primarily from the floor of the Chicago Board of Trade. […]

Peter Schiff’s Fiery Takedown of Trump’s ‘Drill, Baby, Drill’ Plan to Tackle US Inflation

In a recent post on social media platform X, prominent economist, financial analyst, and investor Peter Schiff weighed in on former President Donald Trump’s stance on inflation and the oil industry. Schiff’s remarks come as Trump and the Republican Party have outlined a potentially extreme agenda for the environment, with a heavy focus on oil […]

Global Economic Outlook Brightens as Inflation Recedes, with the U.S. Leading the Charge

As 2024 unfolds, the global economy is embracing a wave of optimism, marked by diminishing inflation and resilient growth that has surpassed expectations. Among developed nations, the United States is particularly noteworthy for its economic vigor. According to a report by Jeanna Smialek, Ana Swanson, Alan Rappeport and Jim Tankersley for The New York Times […]

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