Shomik Sen Bhattacharjee

1 week ago | benzinga.com | Shomik Sen Bhattacharjee

American Economist Jeffrey D. Sachs cautioned that the United States is likely once more steering the global economy toward catastrophe — signaled by last week’s staggering two-day, $10 trillion market-value drop. What Happened: "If something wipes out $10 trillion of Market CapEx in two days, you're probably on the wrong track. The United States is on the path of wrecking the world economy once again," said Sachs in a recent conversation with CNBC-TV18’s Shereen Bhan.

1 week ago | it.benzinga.com | Shomik Sen Bhattacharjee

🚨NEW: Peter Thiel with @JTLonsdale on tariffs, trade policy, and China. “You need a very drastic reset with China. In theory, you need to reset with other people, but what we really need to get them to do is also reset things with China.”

1 week ago | benzinga.com | Shomik Sen Bhattacharjee

Tech investor David Sacks, who also serves as Chair of the President's Council of Advisors on Science and Technology, has unveiled four book recommendations that he considers crucial for navigating the current global landscape, particularly as the United States grapples with intensifying tariff conflicts. What Happened: Sacks shared his reading list on X, sparking interest among policymakers and tech leaders alike. The Clash of Civilizations and the Remaking of World Order by Samuel P.

1 week ago | benzinga.com | Shomik Sen Bhattacharjee

Peter Thiel said the United States urgently needs an overhaul in its economic relationship with China, highlighting that China directly accounts for roughly a quarter of America’s trade deficit, with another quarter linked indirectly. What Happened: Theil spoke with fellow Palantir co-founder Joe Lonsdale on the American Optimist podcast, discussing President Donald Trump's escalating tariff policy, where he framed the issue with China as both an economic and a geopolitical challenge.

1 week ago | benzinga.com | Shomik Sen Bhattacharjee

Economist Peter Schiff contends that former President Donald Trump's emphasis on "America first" has ironically relegated U.S. investments to the back of the pack. What Happened: Schiff argues that massive foreign inflows from trade surplus nations partly fueled the longstanding dominance of American stocks and bonds. Those same flows could slow or reverse, dragging down U.S. returns amid shifting trade dynamics and weaker dollar expectations.