Investing legend Ray Dalio is warning that the United States is at a point where its enormous debt could become out of control. In a new CNBC interview, the billionaire says that the country is not generating enough revenue to meet financial obligations. “The longer term is that we are at a point in which […]
The post Billionaire Ray Dalio Warns US at Inflection Point Where Enormous Debt Could Witness Acceleration – Here’s Why appeared first on The Daily Hodl.
The chief executive of banking titan JPMorgan is warning that the United States is facing two exceptional headwinds. In a new Bloomberg Television interview, Jamie Dimon says that he’s keeping a close watch on two extraordinary macro factors that could hit the US economy and produce different outcomes. According to Dimon, he’s worried about the […]
The post JPMorgan CEO Jamie Dimon Says Two Extraordinary Storm Clouds Are Threatening the United States appeared first on The Daily Hodl.
Global economist Nouriel “Dr. Doom” Roubini warns that the US economy is facing a number of headwinds suggesting that a period of contraction is still on the horizon. In a new Bloomberg Television interview, Roubini says that the Fed is likely to keep rates higher for the foreseeable future despite the optimism in the markets. […]
The post Economist Nouriel Roubini Warns Recession Still Looming for US, Says Markets Are Too Optimistic appeared first on The Daily Hodl.
Economist Nouriel “Dr. Doom” Roubini is lauding the strength of the US economy despite the Federal Reserve’s tight monetary policies. In a recent Bloomberg Television interview, Roubini says that the US continues to chug along while other major economies are starting to shrink. “It has been surprising that given the amount of monetary tightening, some […]
The post Economist Nouriel Roubini Says Resilient US Economy Is Bad News for the Fed – Here’s Why appeared first on The Daily Hodl.
The credit ratings agency Moody’s just issued a fresh warning on the US banking system. In new research note, Moody’s says it’s cutting the ratings of 10 regional banks, and is considering whether to downgrade a number of big lenders including Bank of New York Mellon, US Bancorp, State Street, Truist Financial, Cullen/Frost Bankers and […]
The post US Banks Facing ‘Significant Risk’ of Deposit Flight As Profit Margins Narrow, Warns Top Ratings Agency appeared first on The Daily Hodl.
Best-selling author Robert Kiyosaki says the US economy is about to witness major turbulence after Fitch downgraded the United States’ credit rating. Last week, the credit rating agency cut its long-term US stance from “AAA,” denoting the lowest expectation of default risk, to “AA+,” a designation given to countries with low expectations of default risk. […]
The post US Should Brace for Crash Landing After Credit Rating Downgrade, Says Robert Kiyosaki appeared first on The Daily Hodl.
CNBC personality Jim Cramer believes that a downturn is no longer a threat to the US economy as some of the top companies trading on the stock market put in strong performances. In a new episode of CNBC’s Mad Money, Cramer says that the stock market still looks strong even after witnessing a pullback on […]
The post Recession No Longer in Sight As Stock Market Witnesses ‘Incredible’ Bull Market, Says CNBC Analyst Jim Cramer appeared first on The Daily Hodl.
Americans have burned through a staggering $1.76 trillion in savings since 2020, according to new consumer data. Stats from the Federal Reserve show Americans reached a peak of $2.3 trillion in savings between 2020 and 2021. Today, that number is down to $533 billion, according to new numbers from the U.S. Department of Commerce and […]
The post $1,760,000,000,000 in Americans’ Savings Burned Since 2020 As Credit Card Debt Hits All-Time High appeared first on The Daily Hodl.
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a seasoned investment mogul, warns that it would be foolish to […]
Economist Peter Schiff has warned that the U.S. economy is facing stagflation and the situation is going to get worse. “Not only is the economy weakening, but inflation is strengthening,” he stressed, emphasizing: “You have the worst of both worlds.” U.S. Economy and Stagflation Economist and gold bug Peter Schiff warned about the U.S. economy […]