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Elon Musk Is 100% Correct, Says Balaji Srinivasan: America Is 'Broke' And There Is 'No Fix' But Is It A Win-Win For Bitcoin?
Wednesday, July 2, 2025 - 3:25am | 680Silicon Valley investor and economic commentator Balaji Srinivasan said Tuesday the U.S. is heading towards a national bankruptcy, with no possible solution to its debt crisis. What Happened: In an X post, Srinivasan stated that the U.S. is “broke”, with the real debt exceeding $175...
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Trump Says Musk Has 'Trump Derangement Syndrome' As Battle Over Bill Heats Up: 'Had A Great Relationship… Don't Know If We Will Anymore'
Thursday, June 5, 2025 - 2:28pm | 928A friendship between President Donald Trump and billionaire Elon Musk may be coming to an end, with a heated public falling out due to the "big beautiful bill." What Happened: Musk helped the White House administration in the Department of Government Efficiency and was a close ally of Trump during...
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Is A Bond-Market Crash Coming? Jamie Dimon, BlackRock, Ray Dalio And Others Sound The Alarm
Tuesday, June 3, 2025 - 9:48am | 1083With the national debt surging past $36.2 trillion in early June and long-term yields climbing, the U.S. bond market is entering dangerous territory. Leading financial voices are now raising alarms over unsustainable federal deficits, rising interest costs and declining confidence in the national...
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Trump's 'Big Beautiful Bill' Advances: Here's Who Wins And Loses
Monday, May 19, 2025 - 5:06pm | 944President Donald Trump's sweeping legislative package is, as expected, divisive. Republicans are pitching it as “One, Big Beautiful Bill.” Democrats are calling it “one big beautiful betrayal.” Here's a look at some of the bill’s key elements. The Winners: The...
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Expert Predicts Future Tax Cuts With 'More Deficit Expansion,' With No Tariff Revenue To Fund Deficits Amid Electronics Tariff Pause
Monday, April 14, 2025 - 4:26am | 763Economist Craig Shapiro has expressed skepticism regarding President Donald Trump’s trade policies, expressing concerns about tariff revenue not being able to fund the trade deficit, which is likely to widen after his proposed tax cuts. This is particularly following the exemption of...
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Trump's 25% Auto Tariffs Rattle Wall Street, Fed's Favorite Inflation Gauge Surges, Consumer Price Worries Rocket: This Week In Markets
Friday, March 28, 2025 - 4:55pm | 536Risk sentiment deteriorated sharply in the second half of the week after President Donald Trump announced sweeping tariffs on imported automobiles, compounding concerns about rising inflationary pressures. On Wednesday evening, the White House revealed plans to impose a 25% tariff on auto imports,...
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Runaway National Debt Could Push Interest Rates Higher: Fed's Schmid
Tuesday, November 19, 2024 - 5:29pm | 888Kansas City Fed President Jeffrey Schmid said Tuesday that the future path of interest rates remains unclear, with uncertainty surrounding how much further they could fall or where they might stabilize, particularly given factors like productivity, demographics and the rising national debt....
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Why Trump's Boost To Treasury Yields, Inflation Expectations May Weaken Fed's Efforts To Cut Interest Rates
Thursday, November 7, 2024 - 12:26pm | 970Rising U.S. Treasury yields and a strengthening in the value of the dollar in the wake of Donald Trump's return to the White House are threatening to counteract the Federal Reserve's efforts to lower interest rates. The Federal Reserve is expected to cut its benchmark interest rate by 25 basis...
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Trump's Historic Return: 7 Ways His Second Term Could Impact The US Economy
Wednesday, November 6, 2024 - 9:08am | 1932Donald Trump has won in the 2024 U.S. presidential election, making him the 47th president and the first to secure a non-consecutive second term since Grover Cleveland in the late 1800s. The Republican Party also regained control of the Senate and holds a lead in the House of Representatives, with...
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A Republican Sweep Might Be The Most Inflationary Election Outcome, Economists Warn
Friday, November 1, 2024 - 4:41pm | 964As the U.S. heads into the elections on Nov. 5, economists warn that a Republican victory across the White House and Congress could significantly increase inflationary pressures. The impact, they say, would stem primarily from higher tariffs, a swelling budget deficit and restricted immigration...
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Trump Vs. Harris: How Their Fiscal Plans Could Add Trillions To The US National Debt
Tuesday, October 29, 2024 - 4:17pm | 1571As the 2024 U.S. presidential election approaches, the impact of each candidate’s fiscal policies on the national debt is drawing attention. Both former President Donald Trump and Vice President Kamala Harris have proposed expansive tax and spending measures that would deepen the debt —...
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6 Economic Frights That Could Haunt Markets This Halloween: 'A Tipping Point For Risk Appetite,' Analysts Warn
Tuesday, October 29, 2024 - 9:16am | 1000As Halloween approaches, LPL Financial warns of six major risks that could spook markets and drive volatility higher in the coming months. In a note shared with clients on Monday, LPL's analysts—including chief equity strategist Jeffrey Buchbinder, chief economist Jeffrey Roach, chief global...
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Deficit Strain In Washington Will Get Worse, IMF Warns: National Debt Projections Revised Higher, Stabilization Unlikely By 2029
Wednesday, October 23, 2024 - 12:30pm | 835The International Monetary Fund (IMF) painted a concerning picture for the United States’ fiscal outlook, with upward revisions to the budget deficit and mounting worries over the country’s national debt burden. In its latest October Fiscal Monitor, the IMF forecasts a deficit that...
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IMF Brightens US Economic Growth Projections, Warns National Debt 'Not Stabilized' (CORRECTED)
Tuesday, October 22, 2024 - 12:58pm | 725Editor’s note: This story has been updated to remove draft notes that were erroneously included. The International Monetary Fund (IMF) delivered a mixed message on the U.S. economy in its latest World Economic Outlook report. While the Washington-based institution raised its forecast for U.S...
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Top 'Trump Trade' Isn't The Dollar But Gold As Survey Participants Foresee 'Severe Disruptions To Markets And Trade'
Sunday, July 28, 2024 - 10:30pm | 618Gold has emerged as the top choice for investors looking to hedge their portfolios in the event of a potential second term for Donald Trump. What Happened: The precious metal has been identified as the best hedge against a possible Trump presidency, according to a Bloomberg Markets Live Pulse...