Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says – CNBC
According to Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report, gold is a smart investment idea as government budget deficits grow, and interest rate cuts are likely to be an additional tailwind. Gold has risen as a safe haven, in part due to the widening of the U.S. government’s budget […]
Back to the macroeconomic ’90s? Lower deficits can again create more growth
Washington’s reliance on deficit spending is a rare bipartisan habit, but it’s unlikely to change, whatever the outcome of the November elections: There is a strong belief on both sides of the political divide that fiscal consolidation, whether through spending cuts or tax hikes, reduces growth. But what this political consensus misses are the circumstances […]
Baltimore Port’s Closure Threatens Inflation and Bigger Deficits
The Port of Baltimore has been crippled by the collapse of the Francis Scott Key Bridge, posing a risk to the U.S. economy of further inflation, reduced production capacity, and widening government deficits. The Port of Baltimore was the 17th busiest port in the nation by gross tonnage in 2021. Latest data Available from the […]
Tunisia wants to borrow billions from its central bank to address deficits. Experts call that risky
TUNISIA, Tunisia (AP) — Cash-strapped Tunisia wants to take the unprecedented step of borrowing billions of dollars from its central bank to address its budget deficit and bandage its economic crisis. However, experts have warned that the measures could lead to inflation and reduce confidence in the system. Parliament’s Finance Committee held an emergency meeting […]