1 / 3 Relevant items tagged with #USEconomy
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US Share of World Economy Projected to Reach Historic Low
[Oct 13 2:30 AM] The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady…
Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
Elon Musk: America Is Headed for Bankruptcy
[Oct 4 12:30 AM] Tesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to bankruptcy. Highlighting growing national debt, he reacted to a staggering $204 billion increase in just one day. Musk…
Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
[Sep 18 6:03 PM] On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to…
JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation
[Sep 16 12:30 AM] JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned…
Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility
[Sep 7 7:05 PM] In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day…
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
[Sep 2 2:30 AM] In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just…
Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact
[Aug 25 5:30 PM] The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues…
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
[Aug 18 5:30 PM] Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a…
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
[Aug 17 11:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them…
Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash
[Aug 17 10:30 PM] Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to…
Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled
[Aug 15 8:05 PM] Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal…
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
[Aug 15 1:05 AM] In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor…
Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound
Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?
[Aug 13 9:02 PM] A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze…
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
[Aug 10 11:30 PM] JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the…
Ex-Fed Advisor Suggests US Is Already in a Recession as Airbnb Cautions on Economic Slowdown
[Aug 6 10:20 PM] On Tuesday, following a sharp downturn the day before, the top five U.S. benchmark indices made a recovery. However, Airbnb, the prominent vacation rental company, reported that it does not foresee a strong third quarter due to a slowdown in…
Bitcoin on edge as economy falters: 10x Research report
[Aug 5 10:00 AM] Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.
6 Indicators of Economic Trouble: Is a US Recession on the Horizon?
[Aug 5 2:30 AM] At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the…
Macroeconomics Expert Predicts Hard Landing for US Economy
[Aug 4 6:30 PM] Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking…
Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope
[Aug 4 3:10 PM] The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States.
Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report
[Aug 3 12:23 AM] Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on the horizon. All five major U.S. stock market indices saw notable declines on Friday, and the…
Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets
[Jul 26 5:06 PM] The presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society.
Stonex Bullion’s Analyst Predicts Gold Increase Due to Heightened Political Confusion
[Jul 23 2:30 PM] Gold prices are poised to rise due to the current political uncertainty in the United States, according to Rhona O’Connell, head of market analysis at Stonex Bullion. This comes as economic indicators suggest potential changes in monetary…
Longest Yield Curve Inversion in US History Continues Past 2-Year Mark
[Jul 8 12:13 PM] The 10-2 Year Treasury Yield Spread (I:102YTYS) has been inverted since July 7, 2022, marking the longest period of inversion in U.S. history at over two years, surpassing the previous record of 624 days set in 1978. An inverted yield curve occurs…
Economist Highlights Possible ‘Hidden Recession’: Official Figures May Understate Inflation Impact
[Jul 5 12:04 PM] In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation…
IMF Advises US to Keep Interest Rates Steady Through Late 2024
[Jul 3 5:16 PM] The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest…