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1 https://wordpress.org/?v=6.9.4https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.pngU.S. Economy – DIGIT INFO
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3232US Share of World Economy Projected to Reach Historic Low
https://www.digit.info/us-share-of-world-economy-projected-to-reach-historic-low/
Sun, 13 Oct 2024 03:16:26 +0000https://www.digit.info/us-share-of-world-economy-projected-to-reach-historic-low/Read more]]>The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend […]
]]>Elon Musk: America Is Headed for Bankruptcy
https://www.digit.info/elon-musk-america-is-headed-for-bankruptcy/
Fri, 04 Oct 2024 00:46:25 +0000https://www.digit.info/elon-musk-america-is-headed-for-bankruptcy/Read more]]>Tesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to bankruptcy. Highlighting growing national debt, he reacted to a staggering $204 billion increase in just one day. Musk stressed that interest payments on federal debt now surpass the defense budget, adding urgency to his […]
]]>Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
https://www.digit.info/fed-slashes-benchmark-interest-rate-by-50bps-in-first-cut-since-2020/
Wed, 18 Sep 2024 18:03:37 +0000https://www.digit.info/fed-slashes-benchmark-interest-rate-by-50bps-in-first-cut-since-2020/Read more]]>On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]
]]>JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation
https://www.digit.info/jpmorgan-ceo-warns-of-recession-threat-higher-inflation-stagflation/
Mon, 16 Sep 2024 00:46:13 +0000https://www.digit.info/jpmorgan-ceo-warns-of-recession-threat-higher-inflation-stagflation/Read more]]>JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]
]]>Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility
https://www.digit.info/recession-concerns-ignite-amid-us-economic-slowdown-and-market-volatility/
Sat, 07 Sep 2024 19:05:08 +0000https://www.digit.info/recession-concerns-ignite-amid-us-economic-slowdown-and-market-volatility/Read more]]>In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of an economic downturn. Social Media Buzzes […]
]]>Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
https://www.digit.info/bitcoin-sinks-3-as-markets-brace-for-fridays-jobs-report-gold-climbs/
Thu, 05 Sep 2024 17:55:11 +0000https://www.digit.info/bitcoin-sinks-3-as-markets-brace-for-fridays-jobs-report-gold-climbs/Read more]]>On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]
]]>Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk
https://www.digit.info/government-overspending-puts-us-in-the-fast-lane-to-bankruptcy-according-to-elon-musk/
Mon, 02 Sep 2024 02:46:07 +0000https://www.digit.info/government-overspending-puts-us-in-the-fast-lane-to-bankruptcy-according-to-elon-musk/Read more]]>In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast […]
]]>Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact
https://www.digit.info/polymarket-bets-10-on-2024-us-recession-analyst-skeptical-of-rate-cuts-impact/
Sun, 25 Aug 2024 17:46:15 +0000https://www.digit.info/polymarket-bets-10-on-2024-us-recession-analyst-skeptical-of-rate-cuts-impact/Read more]]>The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]
]]>Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
https://www.digit.info/fedwatch-tool-and-polymarket-indicate-strong-odds-for-september-rate-cut/
Sun, 18 Aug 2024 17:30:12 +0000https://www.digit.info/fedwatch-tool-and-polymarket-indicate-strong-odds-for-september-rate-cut/Read more]]>Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]
]]>Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
https://www.digit.info/robert-kiyosaki-advises-preparing-for-crash-landing-says-time-to-save-yourself/
Sat, 17 Aug 2024 23:46:06 +0000https://www.digit.info/robert-kiyosaki-advises-preparing-for-crash-landing-says-time-to-save-yourself/Read more]]>Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the […]
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend […]
]]>
Tesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to bankruptcy. Highlighting growing national debt, he reacted to a staggering $204 billion increase in just one day. Musk stressed that interest payments on federal debt now surpass the defense budget, adding urgency to his […]
]]>
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]
]]>
JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]
]]>
In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of an economic downturn. Social Media Buzzes […]
]]>
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as […]
]]>
In recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast […]
]]>
The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]
]]>
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]
]]>
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the […]
]]>