De-dollarization and global reserves dominance, explained by a top currency economist and the inventor of the 'dollar smile' theory

Tech Insider

Happy Saturday, readers. I'm Phil Rosen. Let's talk about the dollar's role on the world stage — and see what one of the leading currency economists has to say about it.

Home sales see shrinking profits as prices fall in most of the US

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Midwest
A home for sale in Pleasant Prairie, WI.

Scott Olson/Getty Images

The housing market downturn will send home prices 5% lower and help push the economy into a recession

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A single family home is shown for sale in Encinitas, California May 22, 2013. REUTERS/Mike Blake
Single family home is shown for sale in Encinitas

Thomson Reuters

The US economy is slowing down. Just look at the freight recession that's sent diesel prices tumbling.

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truck driver uber freight
Courtesy of Uber Freight

Truck drivers move 70% of America's goods by weight.

The US will tip into a recession in mid-2023, according to an indicator that's declined for 12 consecutive months

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traders nyse
Traders work on the floor of the NYSE in New York

Brendan McDermid/Reuters

Markets are ignoring recession signals because a downturn might actually ease a handful of problems facing stocks

Tech Insider

Phew! Hey readers — I'm Phil Rosen. I'm still in shock after last night's episode of Succession — no spoilers, but dang(!). Talk about drama. 

Today we're diving into how a recession could affect the stock market — and why it may not be all bad in the eyes of investors.

From cooling inflation to a looming recession, here's what CEOs of the 5 largest US banks are predicting for the economy through 2023

Tech Insider : Economy
Wall Street bull with a worried expression and sweating with a red background

Maremagnum/Getty, Tyler Le/Insider

Ray Dalio says the financial system will need 'big restructurings' soon as debt burdens become unsustainable

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Bridgewater founder Ray Dalio gestures in front of a gray background.
Ray Dalio.

Brendan McDermid/File Photo/Reuters

Investors want to reduce risk in China more than anywhere else as it's in a 'no landing zone' with the US, JPMorgan says

Tech Insider : Politics
Cutout of Joe Biden and Xi Jingping facing each other with a ripped split down the middle.

Lintao Zhang/Getty; Anna Moneymaker/Getty; Katsumi Murouchi/Getty; Anna Kim/Insider

The US dollar's outlook is complicated. Here's what to know about the currency's standing on the world stage.

Tech Insider

Good morning to everyone, especially to basketball fans on the east coast. I'm Phil Rosen — it's hard to keep up with the NBA playoffs here in New York with games running past midnight every night this week. 

For readers who, like myself, sit in the center of the Venn diagram between sports fandom and financial news, here's Insider's handy guide on how to stream every NBA game online. 

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