Weekend market headlines carried an uneasy tone, with warnings spanning housing, recession risks, AI, energy supplies and the national debt. Here are five stories that shaped the conversation.
Mortgage Lenders Confront Mounting Losses
Peter Schiff of Europac warned that mortgage lenders are “already in worse shape than they were at the depths of the 2008 financial crisis.”
He said rising rates could push home prices lower, with mortgage losses reportedly approaching $2 trillion.
Read the full article here.
Ted Cruz Links High Prices To Recession Risk
Sen. Ted Cruz (R-Texas) said high prices helped cost Republicans control of Congress and warned of a recession if Democrats halt planned projects.
Strong markets and record median income “don’t tell all of the story,” he wrote on X.
Read the full article here.
AI Boom Draws Comparisons With 2001
Oxford Economics listed warning signs that preceded global recessions over the past 50 years, including oil spikes, tighter central-bank policy and surging asset prices.
It compared today’s AI boom with market conditions around 2001, as money concentrates in one favored sector.
Read the full article here.
Oil Suffers A Sharp Weekly Decline
Brent settled at $98.32 per barrel and WTI at $90.83 on Friday, both slightly higher on the day.
Brent fell more than 16% for the week and WTI nearly 13%, as renewed U.S.-Iran tensions clouded the supply outlook.
Read the full article here.
Rand Paul Promotes His Six Penny Plan
Sen. Rand Paul (R-Ky.) said the national debt “now costs $362,000 per taxpayer” and promoted his Six Penny Plan to balance the budget in five years.
“Make even, across-the-board cuts, and we will balance the budget in 5 years,” he wrote on X.
Read the full article here.
Photo courtesy: lev radin / Shutterstock.com
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