Tavi Costa, portfolio manager at Crescat Capital, has criticized the Biden administration’s spending measures, warning that Americans’ inflation woes might have only just begun. During the recent White House celebration of the passage of the “Inflation Reduction Act,” the president defended his government’s massive spending by saying that “we spend, but we pay.” Biden said…
Biden’s Spending Policies Result From ‘Lack of Understanding,’ Maybe Beginning of ‘Inflationary Regime’: Portfolio Manager
September 18, 2022
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Business & Marketseconomic policieseconomyfederal spending splurgefiscal spendinghigh inflationinflationInflation Reduction ActInvestmentstock market lossUSUS Budget DeficitUS unemployment
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Dow Falls Nearly 1,000 Points on May 5 After Market Losses Erase Previous Day’s Rally
May 5, 2022
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Business & EconomyDow Jones futureseconomic policieseconomyInvestmentMarketsstock market lossstocksUS
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The Dow Jones Industrial Average lost 1,297 points, or 3.8 percent, on May 5, one day after the market rallied to the Fed’s raising of interest rates, with stocks suffering their worst losses of 2022 and one of its worst days since the start of the pandemic. The day’s massive tumble completely reversed the market’s gains…
Dow Falls Nearly 1,000 Points on May 5, Erasing Previous Day’s Rally
May 5, 2022
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Business & EconomyDow Jones futureseconomic policieseconomyInvestmentMarketsstock market lossstocksUS
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The Dow Jones Industrial Average lost 1,297 points, or 3.8 percent, on May 5, one day after the market rallied to the Fed’s raising of interest rates, with stocks suffering their worst losses of 2022 and one of its worst days since the start of the pandemic. The day’s massive tumble completely reversed the market’s gains…
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