Most Asian stocks rose before a Federal Reserve policy decision, with traders still split on the size of an anticipated interest-rate cut. Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for…
Hedge fund billionaire John Paulson, renowned for his successful bet against the housing market during the financial crisis, recently warned that Vice President Kamala Harris’ proposed tax plans could lead to a financial market collapse and a recession, according to a report by Yun LI for CNBC. Paulson, a vocal supporter of former President Donald…
In an interview on Bloomberg Television on September 16, 2024, Joyce Chang, JPMorgan’s Global Research Chair, reiterated her expectation that the Federal Reserve will announce a 50 basis point rate cut at its upcoming meeting on Wednesday. Despite ongoing debates within the market, Chang noted that her team is holding firm on their projection, although…
In a recent interview with Michelle Makori from Kitco News, Lynette Zang, Founder & CEO of Zang Enterprises, issued a stark warning about the global economy, focusing on the U.S. dollar and banking sector. Zang emphasized that the transition to hyperinflation has already begun. She asserted that the U.S. is moving towards a highly inflationary…
In arecent episode of The Peter Schiff Show, Peter Schiff discusses the fragile state of financial markets and the looming potential for a collapse. Weak Jobs Report and Market Instability Schiff starts by analyzing the recent non-farm payroll report, which he describes as weaker than the media portrays. Despite this, the report wasn’t weak enough…
September 2, 2024September 2, 2024 Brent fell below USD 76 per barrel for November after a more than 2% loss on Friday, and West Texas Intermediate (grade given to crude oil) traded around USD 73. Oil prices dropped as OPEC+ indicated plans to increase production starting from October, while…
In a recent interview, prominent financial analyst Harry Dent provided a stark warning about the future of the global economy, predicting a massive market crash within the next 6 to 12 months. Harry Dent, born on 12 May 1953, is a well-known American financial newsletter writer, economist, and author. He is widely recognized for his…
On August 16, 2024, David Lin interviewed John Cochrane, a renowned economist and Senior Fellow at Stanford University’s Hoover Institution. Cochrane discussed a wide range of economic topics, including inflation, fiscal policy, and the prospects of hyperinflation. The Myth of Price Gouging and Inflation Cochrane began by addressing recent political rhetoric around price gouging, particularly…
In a recent interview on the “Back to the People” podcast, Luke Gromen, a renowned macroeconomic analyst, delivered a stark analysis of the U.S. economy. Speaking with Nicole Shanahan, an American lawyer and vice-presidential running mate to Robert F. Kennedy Jr., Gromen outlined the severe challenges facing the U.S. economy, from the imminent debt crisis…
Gold experienced a notable surge this week, driven by a combination of disappointing U.S. economic data, a dovish Federal Reserve stance, and rising geopolitical tensions, according to a report by Ernest Hoffman for Kitco News. Kitco reported that despite a sharp flash crash on Friday, the precious metal’s price rebounded, reflecting strong trader sentiment. Kitco…