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A veteran economist just echoed Elon Musk and Michael Burry's warning that Americans are drowning in credit-card debt - and he says the economy will pay the price

Thu, 12/07/2023 - 08:22

Tech Insider : Economy, Economy

Michael Burry and Elon Musk — Michael Burry (left) and Elon Musk.
Getty

economy, economy, us-economy-and-markets, consumer-spending, Inflation, Recession, interest-rates

'Rich Dad Poor Dad' author warns exploding US debt will fuel inflation and crush the dollar

Thu, 12/07/2023 - 05:54

Tech Insider : Economy, Economy

"Rich Dad Poor Dad" author Robert Kiyosaki.
The Rich Dad Channel/YouTube

economy, economy, us-economy-and-markets, robert-kiyosaki, rich-dad-poor-dad, Inflation, Recession

It's never been harder to build wealth. Blame high interest rates and the US housing market.

Sat, 11/25/2023 - 08:31

Tech Insider : Economy

The housing market has been pushed out of reach for some Americans by sky-high mortgage rates. — The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.
Getty Images

economy, Markets, mi-exclusive, Wealth, housing-market, us-economy-and-markets, wealth-inequality

Warren Buffett is piling up cash because he sees a storm brewing and can't find bargains, wealth manager says

Fri, 11/17/2023 - 08:37

warren buffett — Warren Buffett.
REUTERS/Rick Wilking

Markets, mi-exclusive, Markets, Stocks, warren-buffett, berkshire-hathaway, stock-portfolio

US debt is a 'noose' around the economy and makes a strong case for moving money to safer markets, veteran strategist says

Wed, 11/15/2023 - 15:05

US Capitol with money illustration — US Capitol
Douglas Rissing/Getty Images/iStock

Markets, mi-exclusive, us-debt, us-debt-levels, debt-to-gdp, government-spending, government-shutdown

October's Goldilocks inflation report sparked the biggest sell-off in the dollar all year as investors eye looser Fed policy

Wed, 11/15/2023 - 11:59

A money changer holds stacks of US dollar notes in Jakarta, August 29, 2013. REUTERS/Beawiharta — The USD slipped lower after inflation came in cooler-than-expected in October.
Thomson Reuters

Markets, mi-exclusive, us-dollar, Inflation, us-dollar-index, inflation-outlook, dollar-outlook

American consumers may be starting to buckle. Here are 5 warning signs a spending slowdown is on the horizon.

Sat, 11/11/2023 - 08:30

Tech Insider : Economy

mall shopping carts shopping — Spencer Platt/Getty Images

economy, Markets, mi-exclusive, consumer-spending, Recession, recession-outlook, Inflation

Brace for stocks to slide and a recession to strike if foreign wars drive up gas prices, hedge fund titan David Einhorn warns

Fri, 11/10/2023 - 07:34

david einhorn — David Einhorn.
Mike Segar/Reuters

Markets, mi-exclusive, Markets, Stocks, david-einhorn, greenlight-capital, hedge-funds

US stocks trade mixed as investors digest the outlook for longer inflation fight by the Fed

Tue, 11/07/2023 - 09:39

nyse trader fed reserve — REUTERS/Brendan McDermid

Markets, mi-exclusive, stock-market-news-today, daily-market-wrap, Fed, Inflation, inflation-outlook

Taylor Swift and Beyoncé won't prop up the US economy much longer, with Americans' COVID-era savings running dry

Mon, 11/06/2023 - 10:02

Tech Insider : Economy, Economy

Taylor Swift performs onstage for the opening night of — Taylor Swift performing onstage in Glendale, Arizona on the opening night of "The Eras Tour".
Kevin Winter/Getty Images

economy, economy, Growth, us-economy-and-markets, taylor-swift, Beyonce, Barbenheimer

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