As the week comes to a close, here’s a roundup of the top stories that made headlines, from a clash between Treasury Secretary Scott Bessent and Senator Elizabeth Warren to warnings of a looming financial crisis from Suze Orman.
Big Lie Behind The Stock Market Rally
After a stellar performance in the 2010s, the bond market has been underwhelming in the 2020s. According to technical analyst Francis Hunt, the recent downturn marks the end of a 40-year debt bull market.
He believes that the global financial system is transitioning from an era of easy money that began in the early 1980s. Since the 2020 bond-market capitulation, he argues that yields have entered a structural reversal, leading to a nominal devaluation of the instruments themselves.
Read the full article here.
Scott Bessent Blasts Elizabeth Warren
A dispute over the Trump administration’s intervention in the Japanese yen has turned into a heated clash between Treasury Secretary Scott Bessent and Senator Elizabeth Warren (D-Mass.).
Bessent escalated the dispute after Warren pressed him for details about the U.S. intervention to support the yen.
Read the full article here.
Suze Orman Warns ‘Danger’ Is Rising
More than half of U.S. workers lack enough cash to cover a $500 emergency expense, according to a recent survey. Many are being forced to skip necessities or rely on debt when unexpected costs arise.
Co-founder of SecureSave, Suze Orman, warns that the situation is more dangerous than ever, as even workers with a steady paycheck are struggling to make ends meet.
Read the full article here.
Kent Smetters Calls Trump And Bessent’s $40 Trillion Debt Plan A ‘Fantastic Story’
Director of the Penn Wharton Budget Model, Kent Smetters, believes that President Donald Trump and Treasury Secretary Scott Bessent‘s growth-focused strategy alone cannot resolve the nation’s mounting fiscal challenges as U.S. debt surpasses $40 trillion.
Trump had previously argued that stronger economic growth could help the U.S. manage its massive debt burden.
Read the full article here.
Why Are So Many Jobs Still Paying Like It’s 2011?
Amid rising living costs, many workers feel that their salaries are not keeping up. A man in his late 30s shared on Reddit (NYSE:RDDT) that no matter how much experience someone brings to the table, many jobs seem to hit a ceiling somewhere between $65,000 and $85,000.
Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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