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Trump Administration’s Treasury Secretary Scott Bessent lashed out at the Bretton Woods institutions, stating that the IMF and the World Bank had lost their way. However, Bessent noted that the U.S. would not abandon these institutions, opting to pursue relevant reforms from within instead. Bretton Woods Institutions ‘Knocked off Course:’ Trump Administration Seeks Change The … Read more
As of April 23, 2025, relations between China and the U.S. remain fraught, dominated by an intensifying trade war and deep diplomatic discord. But this week, U.S. President Trump told reporters that tariffs on China would drop “substantially,” sparking a notable lift in equity and crypto markets. President Trump to Play ‘Nice’; Treasury Secretary Bessent … Read more
Economist Peter Schiff has said he disagrees with U.S. President Trump’s idea that lowering interest rates would help the U.S. shift to a manufacturing-based economy. Schiff: Lowering Interest Rates Counterproductive Economist Peter Schiff has panned the idea supported by then-U.S. President Donald Trump that lowering interest rates could help America transition from an import-dependent economy … Read more
Trade wars, collapsing confidence, and stubborn inflation have kept Polymarket’s recession odds at 57%—signaling a bumpy economic road ahead. Economy on Edge This year, U.S. recession odds have climbed amid escalating tariffs, reciprocal trade measures, waning business confidence, decelerating job growth, and enduring inflation, all of which are chipping away at economic stability and dimming … Read more
Argentina celebrated the continued decrease in the dollar-peso exchange rate, even predicting that it might fall below the flotation bands established by the central bank. This would trigger a purchase intervention from the bank to weaken the peso. Argentina Keeps Winning the Battle Against the Dollar Argentina appears to have devised a formula to control … Read more
A coalition of over 1,300 economists—including Nobel laureates and former policymakers—has publicly denounced the Trump administration’s 2025 tariff policies as reckless, harmful, and historically misguided. Trump’s Tariffs Face Elite Academic Rebuke In a sweeping condemnation of U.S. trade policy, more than 1,300 economists have signed the “Anti-Tariff Declaration,” a public statement opposing the Trump administration’s … Read more
According to the Central Bank of Russia, 53.5% of all imports to the country were paid for with Russian rubles in February, marking a historic record. Currencies from unfriendly countries, including the U.S. dollar, accounted for only 17.2%, representing a success for a nation facing unilateral sanctions from the U.S. government. Russia Pays Imports Mostly … Read more
Ousting the Fed chair could shatter U.S. credibility and rattle global markets, the French finance minister warned, citing spiraling instability threatening dollar dominance and investor confidence. Global Markets at Risk as Trump Eyes Removal of Fed Chair Jerome Powell French Finance Minister Eric Lombard voiced sharp concerns about U.S. economic stability in remarks published Saturday, … Read more
Goldman Sachs warns the dollar is set to tumble as aggressive tariffs and slowing U.S. growth erode investor confidence and threaten its long-held global dominance. Goldman Sachs Sees Dollar Losing Ground Fast With Tariffs and Growth Stalling Out Growing concerns over U.S. trade strategy and a slowing economy are casting a shadow over the dollar’s … Read more
Ten U.S. states are collapsing, Robert Kiyosaki warns, as mass migration accelerates and economic stress ignites urgent fears about the future of American stability. Kiyosaki Warns of 10 Collapsing US States With Mass Migration Already Underway Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has raised eyebrows with a bold prediction about … Read more
