The Dow Will Recover – But Not Before Trump Loses to Bernie Sanders

Jeremy Siegel says that the stock market will recover from its recent crash, but only after a “one-year shock.” That recovery may not come soon enough to save Donald Trump’s reelection chances. The next time the Dow sets an all-time high, will the credit go to Bernie Sanders? As the stock market recoils from its …

Dow Futures Decimated but Wall Street is Buying the Coronavirus Dip

Dow Jones Industrial Average (DJIA) futures plunged more than 350 points on Monday morning. The rapid spread of China’s coronavirus continues to scare investors. JP Morgan says the stock market pullback is healthy and will soon present a buying opportunity. Dow Jones Industrial Average (DJIA) futures took a brutal plunge in the early hours of …

Record-Breaking U.S. Economy Has A Massive Recession Deficit – Here’s Why

A soaring U.S. budget deficit is proof the economy is not well, the chief global strategist of a major investment broker warned this week. He predicted the Great Recession in multiple cable news appearances from 2006 – 2007 when others were wildly bullish. Even if all is well, for now, wild deficit growth during economic …

The Stock Market Is Gambling the ‘Trump Economy’ Will Do the Impossible

The US stock market is priced for the economy to achieve President Trump’s growth target. Most economists believe that this goal is impossible. Investors are betting that they’re wrong. The stock market may not be the economy, but the stock market is the place where investors make bets about the economy. Right now, investors are …

Trump’s Mental Health, Not Impeachment, Could Be His Undoing: Professor

Trump’s mental health has been the focus for many over the past week as impeachment proceedings dragged on. While he’s unlikely to be ousted from the White House over the Ukraine scandal, his letter to Nancy Pelosi could contribute to another effort to strip him of his title. A Yale psychiatrist says as Trump’s colleague, …

Billionaire Founder of World’s Largest Hedge Fund Warns of ‘Scary, Very Risky’ Economy

Ray Dalio is the founder and co-chair of Bridgewater Associates, the world’s largest hedge fund. Dalio is bullish on gold, predicting the metal to be a major investment asset ahead of a ‘paradigm shift’ within global markets. The Wall Street mogul has made over $50 billion for his clients. Ray Dalio warned of a “scary …

Millennials are Killing the Economy… Because They’re Saving Money

Millennials have been accused of killing a lot of industries (cereal, beer, housing, mayonnaise, napkins, and politics). But this might be the stupidest theory of them all. According to one investment bank, millennials are killing the entire economy. And how? Because they’re doing the decent thing and trying to save their money. Slow economy? Blame …

The U.S. Must Tokenize the Dollar to Remain Competitive

In a recent interview with CNBC’s Squawk Box, Anthony Pompliano, the co-founder of Morgan Creek Digital, has argued that the United States must tokenize the dollar to remain competitive in the shifting global financial landscape. Pompliano urged lawmakers to “tokenize the dollar immediately,” asserting that China is in the process of developing a digital yuan, …