As we wrap up one other eventful week, let’s take a second to revisit a number of the most notable happenings. The week was rife with speculations round a possible authorities shutdown, predictions on Federal Reserve actions, and doable contenders for the 2024 common election.
From economists to enterprise capitalists, specialists have been sharing their views on these points. Right here’s a have a look at the highest tales that formed the discourse.
Peter Schiff’s Tackle Authorities Shutdown
Economist Peter Schiff gave an uncommon twist to the upcoming authorities shutdown scenario. He opined that if all federal taxes had been suspended throughout a shutdown, it could acquire widespread public assist. Schiff added that any unpaid taxes throughout this era ought to be legally forfeited. His feedback got here amidst rising anxiousness over a doable shutdown if lawmakers fail to agree on a funding deal. Read the full article here.
Jamie Dimon’s Warning on Federal Reserve Actions
CEO of JPMorgan Chase & Co, Jamie Dimon, issued a stark warning concerning the doable fallout if Federal Reserve benchmark rates of interest had been to soar to 7%. In line with Dimon, such a situation might result in a monetary stress check of epic proportions. He used Warren Buffett’s well-known saying as an instance the potential financial turmoil. Read the full article here.
Chamath Palihapitiya’s 2024 Election Hypothesis
Enterprise capitalist Chamath Palihapitiya shared his views on the doable contenders for the 2024 common election. He believes that the candidate advocating no extra wars and the necessity for zero-based budgeting for the U.S. authorities will collect many votes. His feedback provide a unique perspective from the broadly anticipated contest between President Joe Biden and his predecessor Donald Trump. Read the full article here.
Goldman Sachs on Authorities Shutdown
Goldman Sachs chief economist, Jan Hatzius, predicts a authorities shutdown lasting two to 3 weeks beginning Oct. 1. Hatzius believes the percentages of a shutdown this 12 months have risen to 90%, given the shortage of great progress or enough time remaining to stop it. Read the full article here.
Jamie Dimon on India-US Financial Ties
Jamie Dimon, throughout his first go to to India because the onset of the worldwide well being disaster, voiced his assist for strengthening financial ties between the U.S. and India. He praised Indian Prime Minister Narendra Modi‘s efforts to streamline the Indian financial system and emphasised India’s huge financial potential. Read the full article here.
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