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Showing posts with the label us economy

US Economy: Is Trump's "Gold Card" A Bait To Write Off Burdening US Debt?

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Donald Trump is leaving no stone unturned to strengthen the US economy and is exploring all sorts of ways to uplift the nation’s economic stance. In this wake, Trump has launched a new “gold card” for immigrants, allowing them to purchase the card for $5 million. This card will enable outsiders to live in the US while allowing them to avail themselves of US citizenship later on. However, Trump’s Gold Card idea has gained widespread criticism, with many touting the move as a strategy enabling “only” wealthy immigrants to come to the US. At the same time, Trump was noted stating how this gold card might be the ultimate way to help shake off the mounting US debt. What does this mean? Let’s find out. Also Read: Apple Stock March 2025 Price Prediction: Should You Buy AAPL? Trump Golden Card: What It Means? Source: Axios Donald Trump recently announced his novel “gold card,” a venture that would allow immigrants to purchase US citizenship. Trump has priced the gold card at a whopping $5...

US Housing Woes Grow Bigger As Home Affordability Crisis Deepens

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The US economy is currently experiencing tough times. The nation’s economic anatomy is at a crossroads, and the bulging US debt ceiling continues to be a pressing issue. At the same time, the US housing woes are also deepening, with new metrics indicating that young people cannot afford to own a house in the States anymore. Also Read: Shiba Inu: What’s SHIB’s Price If Its Market Cap Hits $500 Billion? US Housing Crisis Deepens: What It Means For Homeowners In The United States? Image: Pixabay The US housing crisis is worsening with each passing second. According to the latest post by the Kobeissi Letter, young people in the US can no longer afford to buy a house anymore. The post streamlined new age dynamics in the sector, where the average home buyer age has hit a new record high of 56, per a recent NAR study. Earlier, the average homebuying age was nearly around 45 in 2021 and 39 in the year 2000. The post further outlines a striking Analysis , explaining how over the last 3 ye...

Billionaire Ray Dalio Predicts the Future of the U.S. Economy

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The billionaire investor Ray Dalio has expressed concerns that the U.S. economy is in a dire fiscal situation. His comments come after the U.S. Senate passed a bill to keep spending until the next 45 days to avoid a shutdown. The national debt of the U.S. economy touched a record high of $33 trillion for the first time. The U.S. debt rose by $1.2 billion every hour in the last three weeks. The debt rose by nearly half a trillion dollars in 19 days reaching an unprecedented high of $33.521 trillion. Also Read: US Military Stocks Experience a $100 Billion Wipe Out in 2023 There has been a 50% rise in federal expenditures between 2019 and 2021, according to data from the U.S. Treasury Department. The development sets dangerous trends for the US economy and hamper its growth in the coming years. Ray Dalio Predicts What Could Happen to the U.S. Economy Next Source: Inc.Magazine Billionaire Ray Dalio predicted that the US economy will enter a debt crisis soon which could spiral o...