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Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility

Recession Concerns Ignite Amid US Economic Slowdown and Market VolatilityIn 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, with users discussing the likelihood of an economic downturn. Social Media Buzzes […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs

Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold ClimbsOn Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact

Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s ImpactThe 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 that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

UBS Urges Caution Despite Positive US Economic Data

UBS Urges Caution Despite Positive US Economic DataUBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’

Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’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 “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash

Peter Schiff Urges the Fed to Raise Rates and Let Markets CrashEconomist 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 crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Recession Indicator Now Suggesting Altcoins Time To Shine Against Bitcoin Approaching: Benjamin Cowen

Recession Indicator Now Suggesting Altcoins Time To Shine Against Bitcoin Approaching: Benjamin Cowen

Popular crypto analyst Benjamin Cowen thinks macroeconomic indicators suggest altcoins will chip away against Bitcoin’s (BTC) dominance in the coming months. In a new YouTube video, Cowen points his 807,000 subscribers to the Sahm Rule Recession Indicator, which tracks signals that could indicate the start of a recession. The indicator flashes when “the three-month moving […]

The post Recession Indicator Now Suggesting Altcoins Time To Shine Against Bitcoin Approaching: Benjamin Cowen appeared first on The Daily Hodl.

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

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

Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases ForecastJPMorgan 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 […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000

Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to ,000In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic situation might surpass the 2008 financial crisis in severity. Drawing comparisons to pre-2008 indicators, McGlone highlighted significant risks of increased stock market volatility and global recession, particularly emphasizing economic challenges in China. He suggested that […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

Goldman Sachs CEO: Fed Unlikely to Cut Rates Before SeptemberGoldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market […]

Michael Saylor to pitch Microsoft board on Bitcoin buying strategy