How The Stage Is Being Set For America's Next Financial Crisis--Why One Economist Warns It Could Lead To A 27% Reduction In Americans' Living Standards
Portfolio Pulse from David Pinsen
British economist Philip Pilkington warns that the next U.S. recession could lead to a significant decline in American living standards due to private foreign investors dumping U.S. Treasuries. The article also mentions the iShares Silver Trust (SLV) and Ethereum (ETH) making new highs.
May 21, 2024 | 6:53 pm
News sentiment analysis
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POSITIVE IMPACT
The article suggests that the Biden administration's policies may be damaging the dollar, which could impact gold prices.
The article implies that the Biden administration's policies could weaken the dollar, which typically benefits gold prices.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 40
POSITIVE IMPACT
The iShares Silver Trust (SLV) is making new highs amid a growing economy and frothy markets.
The article mentions that SLV is making new highs, indicating strong performance in the current market environment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50