Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession

August 15, 2024 Bitcoin.com

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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 market still shows strength, suggesting the economy may not yet be in a recession. Claudia Sahm on U.S. […]

Massive ,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

August 14, 2024 Bitcoin.com

bitcoin.com

On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban

August 14, 2024 Bitcoin.com

bitcoin.com

Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to reduce reliance on foreign currency, Russian citizens still prefer dollars and euros. Russia Successfully Skirts Western Sanctions Dollar and euro […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

August 14, 2024 Bitcoin.com

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The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Elon Musk Offers to Assist Donald Trump Boost Government Efficiency

August 13, 2024 Bitcoin.com

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Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?

August 13, 2024 Bitcoin.com

banking sector

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 ahead for America’s economy.” Economist Article Predicts 2024 Recession as Media Hypes Economic […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Bukele Announces Private Investment of $1.61 Billion in Third Phase of Economic Overhaul Plan for El Salvador

August 13, 2024 Bitcoin.com

Bukele Announces Private Investment of .61 Billion in Third Phase of Economic Overhaul Plan for El Salvador

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President Nayib Bukele used his personal X account to present the third phase of his economic plan for El Salvador. Titled “Logistics,” this new phase will entail raising private investments to modernize the country’s port infrastructure. The first step involves an investment of $1.61 billion to modernize the Acajutla and La Union ports. Bukele Announces […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation

August 11, 2024 Bitcoin.com

bitcoin.com

Elon Musk, CEO of Tesla and Spacex, has expressed his view that inflation is primarily driven by government overspending, which he emphasized as “the vast majority of the problem.” He also noted that excessive regulation worsens the situation, underscoring that the issue stems from the government, not the private sector. Elon Musk on Inflation, Government […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast

August 10, 2024 Bitcoin.com

bitcoin.com

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 likelihood of a U.S. recession this year. Jamie Dimon Maintains Recession Likely for US Economy JPMorgan Chase CEO Jamie […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency

August 10, 2024 Bitcoin.com

Art Laffer

Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency. Laffer Warns of U.S. Dollar Decline Amid Economic Policy […]

Economics