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Elon Musk warns America will ‘1,000%’ go bankrupt, ‘fail as a country’ due to crazy debt — protect your finances
Yahoo Finance· 2026-02-06 22:13
Economic Concerns - The U.S. national debt currently stands at $38.56 trillion, with federal spending significantly outpacing revenue, leading to a fiscal deficit of approximately $602 billion in fiscal year 2026 [3][4] - Interest payments on the national debt are projected to exceed $1.5 trillion by 2032 and reach $1.8 trillion by 2035, surpassing the military budget of $1 trillion [2][3] Investment Insights - Prominent investors like Ray Dalio and Elon Musk have raised alarms about the potential for a "debt death spiral," where the government must borrow to pay interest, creating a self-perpetuating cycle of debt [1][2] - Gold has been highlighted as a safe-haven asset, with prices increasing over 70% in the past year, and JPMorgan CEO Jamie Dimon suggesting it could rise to $10,000 an ounce in the current economic environment [7][8] Alternative Investments - Real estate is noted as a strong hedge against inflation, with the S&P Case-Shiller U.S. National Home Price Index increasing by over 87% in the past decade [11] - Art as an alternative investment has gained attention, with platforms like Masterworks allowing investors to buy shares in high-value artworks, which have historically outperformed traditional assets [20][23]
A look at Kevin Warsh's voting record at the Fed
Yahoo Finance· 2026-02-06 21:45
A Yahoo Finance analysis reveals Federal Reserve Chair nominee Kevin Walsh never desented while he was a governor on the central bank. Federal Reserve correspondent Jennifer Shawnberger joins me now with a closer look. Interesting here discovery, Jen.Thank you, Julie. Good morning to you. A look back at Federal Reserve Chair nominee Kevin Worsh's speeches during his time as Fed Governor and transcripts of policy meetings revealed that he routinely raised concerns about inflation and protecting central bank ...
Why all eyes are on the price of gold#shorts #gold #markets
Bloomberg Television· 2026-02-06 21:12
So this move in gold started after Jackson Hole on August 22nd last year. Basically what's going on is there is this fear that fiscal policy has been out of control for so long we are running deficits in noncrisis peaceful times of five 6% of GDP. We've never really done that before.And so there is a fear in markets that fiscal policy is just out of control and the only way to get debt uh to sustainable levels is to print money and to inflate our way out of overindness. And so my view is that this gold rall ...
X @Bloomberg
Bloomberg· 2026-02-06 17:06
Federal Reserve Vice Chair Philip Jefferson said he was “cautiously optimistic” about the outlook for the US economy, suggesting strong productivity growth could help return inflation to the central bank’s 2% target https://t.co/nm2JQZWJvS ...
X @Bloomberg
Bloomberg· 2026-02-06 14:50
Federal Reserve Bank of Atlanta President Raphael Bostic reiterated that it’s important to keep interest rates at a level that restricts economic activity and returns inflation to 2% https://t.co/YVLoVNMRp0 ...
If 2026 Is the Year You Start Investing, Here’s What This Money Expert Recommends
Yahoo Finance· 2026-02-06 14:21
Group 1 - A significant portion of American workers, 64%, are experiencing financial strain, highlighting ongoing inflation fears and pessimism about personal finances and the economy [1] - Experts suggest that now is an optimal time to start investing, emphasizing that investing is preferable to market timing or keeping money in low-interest savings accounts [2][3] - Defining a clear investing purpose is crucial for determining risk tolerance, time horizon, and asset allocation, as leaving investable funds in low-yield accounts is seen as a waste [4] Group 2 - Investing not only helps grow wealth but also serves as a hedge against inflation, with a focus on starting to invest rather than seeking quick riches [5] - For beginners, index funds and exchange-traded funds (ETFs) are recommended due to their diversification, low costs, and simplicity, with index funds historically outperforming actively managed funds [6][7] - The growth in the number and variety of ETFs has provided investors with more choices at lower costs, making them key components of a diversified portfolio [7]
X @Bloomberg
Bloomberg· 2026-02-06 02:10
The US Treasury yield curve is near the steepest level in more than four years due to a combination of interest-rate cuts and concern over persistent inflation and the fiscal deficit https://t.co/LgziRQ0Wz8 ...
Sen. Warren and Treasury Sec. Bessent spar over affordability and the Fed
Yahoo Finance· 2026-02-05 20:28
Thank you, Mr. . Chairman. So, for a solid year while he ran for president, Donald Trump promised pretty much every day that he was going to lower costs on day one.On day one, if he was elected, those were his words, not mine. So, Secretary Bessant, you are one of the president's top economic adviserss. Let's just start with a little truthtelling about the Trump economy.One year in, affordability is the top concern for Americans across the country. Donald Trump has called affordability, I want to get this r ...
Elizabeth Warren grills Scott Bessent on President Trump's grocery prices
Yahoo Finance· 2026-02-05 18:30
Last week, President Trump said, quote, "We have the groceries going down." Did grocery prices drop in 2025. >> Uh, numer numerous prices have >> Did grocery prices drop in 2025. >> Numerous grocery prices have gone down.>> I'm sorry. I I don't know if you can't hear me. Did grocery prices drop in 2025. >> Numerous grocery prices have gone down.and and and in fact in fact we have seen inflation at 2.1% for the past >> Have you seen the Bureau of Labor Statistics that is Donald Trump's own Bureau of Labor St ...
Rattner FACT-CHECK: Trump did NOT inherit the 'worst inflation in history'
MSNBC· 2026-02-05 16:11
After President Donald Trump again claimed he inherited the worst inflation in “48 years” or “in the history of our country,” Morning Joe economic analyst Steve Rattner pointed to the data, noting inflation was already near 3% when Trump took office and explaining how tariffs have since pushed prices higher. MS NOW: My Source for News, Opinion, and the World. Same mission. New name. » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking ...