Will rising federal debt slow economic growth? Schwab’s chief investment strategist Liz Ann Sonders offers analysis on the current situation. The IMF has sharply revised its U.S. growth forecast. The latest news from the International Monetary Fund varies 2.4% from their April projections, as David Lawder explains. Investors may be taking too great a risk on Bitcoin. Andrew Rosen, CFP®, CEP, discusses the factors behind its instability and the questions to ask yourself before investing.
Will Rising Federal Debt Slow Economic Growth? –Although it’s not supported by any historical data, there is a persistent concern expressed about high debt and whether it will lead to an inflation problem. However, as debt growth has expanded as a share of GDP, inflation has been moving lower, not higher. Read more…
IMF Raises U.S. 2021 Growth Forecast To 7%, Assumes Biden Spending Plans Pass –The International Monetary Fund raised its 2021 U.S. growth projection sharply to 7.0% due to a strong recovery from the COVID-19 pandemic and an assumption that much of President Joe Biden’s infrastructure and social spending plans will be enacted. Read more…
Why the Bitcoin Craze Is Just Another Fad — You’ve heard the buzz about Bitcoin, and you want in. Really? Why? Is it because you understand and believe in the long-term value of cryptocurrency, or is this merely the fear of missing out talking? Here are some warning signs to stay away from Bitcoin. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller