All articles tagged with #economic predictions
The article criticizes the failure of university-educated experts and mainstream predictions during the Trump administration, highlighting their inaccuracies on economic, immigration, and foreign policy issues, and argues that higher education has become biased, mediocre, and disconnected from practical realities, leading to a devaluation of expert credibility.
Treasury Secretary Scott Bessent dismisses Jamie Dimon's warnings about a potential bond market collapse, despite Dimon's long history of accurate predictions and cautious outlooks, highlighting ongoing concerns about the US economy amid mounting debt and deficits.
Mortgage rates have surged to their highest levels in over two decades, hovering between 6% and 8% due to inflation and the Federal Reserve's interest rate hikes. Experts predict rates may gradually decrease over the next couple of years, but significant drops are unlikely unless the economy faces a severe downturn. Potential homebuyers are advised to consider current market conditions and personal financial readiness rather than waiting for lower rates, as home prices are expected to continue rising.
Despite a Fox Business guest's prediction of a market crash following former President Donald Trump's conviction for falsifying business records, the Dow Jones Industrial Average gained nearly 600 points on Friday, with the S&P 500 also rising and the NASDAQ slightly down.