Tech billionaire Peter Thiel says the US economy would already be in a recession if not for massive government intervention. Speaking with fellow billionaire Chamath Palihapitiya at the All-In Summit 2024, Thiel says that an economic downturn is in sight for the US but it is being kept at bay by the government stimulating economic […]
The post Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit appeared first on The Daily Hodl.
JPMorgan Chase CEO Jamie Dimon just issued a fresh warning on the state of the US economy. At a New York conference from the Council of Institutional Investors covered by CNBC, Dimon warned that ongoing “inflationary forces” like rising deficits could trigger a worst-case economic outcome. “I would say the worst outcome is stagflation – […]
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Tech billionaire Peter Thiel is outlining a number of concrete steps that the US government can take to reduce its huge budget deficit. In a new interview on the Joe Rogan Experience podcast, Thiel takes aim at the government’s habit of spending way more than it makes. According to the billionaire, the amount of taxpayer […]
The post Billionaire Peter Thiel Proposes ‘Insanely Unpopular’ Measures To Solve $1,500,000,000,000 Budget Deficit appeared first on The Daily Hodl.
Billionaire Elon Musk believes that one entity is the culprit behind the rising prices of goods and services in the US. The Tesla CEO says on the social media platform X that the underlying cause of inflation in the US is the federal government’s huge budget deficit. “Inflation is caused by the federal government spending […]
The post Elon Musk Unveils Underlying Cause of Inflation, Says He’s Willing To Be Part of Government Efficiency Commission appeared first on The Daily Hodl.
The US government’s spending is now exceeding its revenues by over a trillion dollars just eight months into the current fiscal year. The data comes from a newly released Treasury Department report which tracks the government’s receipts and expenses for the 2023 fiscal year, which runs from October 1st, 2022 to September 30th, 2023. According […]
The post US Deficit Explodes, Surpassing $1,390,000,000,000 As Government Spending Outpaces Revenue: Treasury Department appeared first on The Daily Hodl.
