TSLA - Elon Musk Agrees With Chamath Palihapitiya On Fiscal Policies Jamie Dimon Warns Of Potential Rate Hike Peter Schiff Challenges Jerome Powell's Inflation Outlook And More: Top Economics Update This Week | Benzinga
This week has been quite a rollercoaster in the financial world. From critical analysis of the U.S. Treasury’s borrowing plans to warnings of potential rate hikes, the market has been buzzing with diverse viewpoints. Prominent figures like Elon Musk, Chamath Palihapitiya, Jamie Dimon, and Steve Eisman have all weighed in on the current financial situation. Now, let’s dive into the highlights of these major stories.
Chamath Palihapitiya Criticizes U.S. Fiscal Policies, Musk Agrees
Chamath Palihapitiya, the renowned “SPAC king,” has criticized the U.S. for its unsustainable borrowing habits. The U.S. Treasury announced plans to borrow $1.592 trillion from the private debt market by the end of the March quarter. Palihapitiya has questioned why the Treasury isn’t selling long-dated maturities past 30 years. Tesla Inc. Elon Musk reacted, suggesting the situation “won’t end well.” Read the full article here.
Jamie Dimon Warns of Potential Rate Hike
JPMorgan Chase CEO Jamie Dimon has commented on the Federal Reserve’s latest move and its impact on the economy. According to him, the Fed did the right thing by raising rates rapidly, and now they should wait and see the aftermath. The Fed opted ...