Category: Economics

Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 meseci

Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 mesecih. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained,......

230 Ekonomisti opozarjajo, da bo zakon o znižanju inflacije, ki ga je predlagala ameriška vlada, spodbudil inflacijo

Last week, Democrats unveiled climate and health care legislation called theInflation Reduction Act,” and theres a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the......

Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth

The U.S. economy has declined for the second-straight quarter as the countrys gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysiss summary of the U.S. GDP follows the recent debate over the technical definition of a......

Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition

After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Bidens administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession.......

Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’

Former President Donald Trump has warned that the U.S. economy is facinga much bigger problem than recession.Noting thatWell have a depression,” he stressed: “We have to get this country going, or were going to have a serious problem.”......

Rich Dad Poor Dad’s Robert Kiyosaki Warns Inflation May Lead to Greater Depression

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the current inflation may lead to aGreater Depression.He added that real estate is crashing and foreclosures are up 700% from last year. Robert......

US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’

According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. Junes CPI data reflected a 9.1% year-over-year increase, even though a number......

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty

Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating......

Deutsche Bank Expects Sooner, More Severe US Recession as the Fed Takes ‘Aggressive Hiking Path’

Deutsche Bank has updated its recession forecast. The banks economists now seean earlier and somewhat more severe recessionthan previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning......