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Gold Demand Holds Firm As Dollar Confidence Wavers
Tuesday, May 27, 2025 - 9:15am | 723The recent slide of the U.S. dollar has reignited investor interest in gold. Tailwinds for the yellow metal have been twofold, from geopolitical uncertainty and concerns over the long-term sustainability of American fiscal policy. The latest blow to dollar confidence came from Moody's downgrade, as...
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Warren Buffett Expresses Disappointment Over Dollar Depreciation: Don't Want To Own Assets In A Currency That Is 'Really Going To Hell'
Tuesday, May 6, 2025 - 7:39am | 563The Oracle of Omaha, Warren Buffett, during the 2025 Berkshire Hathaway Annual Meeting, expressed his disappointment over the depreciating U.S. dollar and said that no one would want to hold assets in a currency that was falling in value. What Happened: Talking about the U.S. dollar, Buffett said...
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Musk Criticizes Government's Fiscal Policy, Says 'Extreme Government Overspending Is Bankrupting America'
Sunday, September 15, 2024 - 8:29am | 388On Saturday, Elon Musk voiced his concerns regarding the U.S. government’s fiscal approach. What Happened: Musk took to X to express his concerns about the U.S. government’s fiscal policy and criticized the government’s overspending, stating that it’s leading to bankruptcy...
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Charlie Munger Warned About 'Risky' Modern Monetary Policy: 'We Never Printed Money So Much and Spent It So Fast'
Sunday, July 14, 2024 - 10:05am | 642In his characteristic candidness, Charlie Munger, late vice chairman of Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK), shared his insights on economic cycles and government interventions, providing a nuanced perspective on the economic climate several years ago. Here’s a look back at what he...
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China's 2024 Economic Targets Drive Wedge Between Domestic And Offshore Equities
Tuesday, March 5, 2024 - 10:32am | 581China unveiled its economic objectives for the year at the 2024 National People's Congress, stirring diverse reactions across equity indices tracking Chinese stocks. While domestic Chinese stocks have displayed signs of optimism, rallying in response to the government’s announcements,...
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Ticking Time Bomb: Over 85% Of Americans Fear National Debt Crisis Impact On Their Future
Monday, February 26, 2024 - 6:33pm | 652Over 85% of Americans are deeply concerned about the grave impact the burgeoning national debt may have on their future, according to a new study. What Happened: A survey from John Zogby Strategies for the non-profit organization Main Street Economics gauged the awareness and apprehensions of some...
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Government Debt Exceeds 120% Of GDP: Why Former IMF Economist 'Very Worried' About US Fiscal Crisis
Tuesday, February 20, 2024 - 7:16pm | 512Olivier Blanchard, a renowned economist and former chief economist at the International Monetary Fund (IMF), has voiced serious concerns about the potential for a fiscal crisis in the U.S., attributing the risk to the country’s significantly expanded deficits and a political climate resistant...
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Former Fed Economist Claudia Sahm Credits American Workers, Fiscal Policy For A Soft Landing In 2024, But Praises Powell For Not Crashing
Thursday, December 14, 2023 - 9:24pm | 979In a series of tweets on Thursday, former Federal Reserve economist Claudia Sahm shared her insights on the potential for a soft landing in 2024, crediting Federal Reserve Chair Jerome Powell for this outcome. Using a flight simulator image of Everest base camp’s Lukla airport, Sahm...
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Treasury Department Reduces Q4 Borrowing Forecast Down To $776B, But Still Raises Eyebrows
Monday, October 30, 2023 - 5:05pm | 369The U.S. Treasury Department has lowered its estimate for federal borrowing in the fourth quarter to $776 billion, down from the previously predicted $852 billion. Investors are breathing a sigh of relief with this cut, given their rising worries over the expanding fiscal deficit. However, even...
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IMF Forecasts Robust US Economic Growth, But Warns Of Rising Government Debt
Tuesday, October 10, 2023 - 11:10am | 746The IMF’s latest World Economic Outlook paints a promising picture of the U.S. economy, with strong growth and a stable job market, indicating the rising likelihood of a “soft landing” scenario whereby inflation declines in line with a muted output slowdown. However, the IMF...
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CBO Reports Job Increases and GDP Decreases
Wednesday, August 24, 2011 - 3:48pm | 483Weeks after Congress was able to pass a last-minute proposal to raise the debt ceiling, the Congressional Budget Office projects a $1.3 trillion budget deficit for 2011. This is the third largest budget deficit in 65 years. (Via the Washington Post.) According to the CBO report, the $1.3 trillion...