Good morning. Three of the sharpest financial minds are sounding the alarm right now — and their warnings point in the same direction. Today's stories are worth reading slowly.
On The Money Today:
The Big Short investor isn't buying the official narrative on Trump's Iran decisions
Warren Buffett says he'd still be buying this asset even in World War III. His warning about cash is equally blunt
Famed economists say America is officially insolvent. Is your wealth ready for what's coming?
Let's get into it.
The Big Short investor isn’t buying the official narrative. The investor who predicted the 2008 crash just called the stock market “Trump’s kryptonite” — and his claim about what’s really driving U.S. decisions in Iran is turning heads. Michael Burry says the real driver behind Trump’s Iran decisions isn’t foreign policy at all, and suggests it’s tied to forces that could ripple through markets and impact everyday investors. As tensions rise and oil prices react, his warning raises bigger questions about what’s really shaping global decisions, and what it could mean for your money.
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With 46 active conflicts across 76 countries and a Politico survey showing most Americans believe global war is more likely than not in the next five years, investors are rattled. Warren Buffett has a clear answer for what to own when the world feels like it's falling apart — and his warning about cash is equally blunt.
Johns Hopkins economist Steve Hanke and former U.S. Comptroller General David Walker just declared America officially insolvent — and the numbers behind their claim are staggering. Ray Dalio isn't predicting a default, but warns the dollar's purchasing power is quietly eroding. The investors who saw 2008 coming are already making moves. Are you ready for the reckoning?
MORE FROM MONEYWISE
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That’s it for today. See you soon with another quick roundup of the financial news that matters.