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The New Great Recession: Winners and Losers Post-Iran War
- The U.S. economy appears to be doing well overall, with low inflation and a rising Bitcoin value.
- Despite surface improvements, there is an underlying economic reality that is concerning.
- FICO will now include 'buy now, pay later' loans in credit scores, affecting consumers who rely on such payment methods.
- The United States credit rating has been downgraded by Moody's to Aa1 due to growing debt and debt ceiling concerns.
- Despite the downgrade, the U.S. is still functional with 1.6% growth and deficit reduction.
- A large percentage of Americans are struggling financially, with many living paycheck to paycheck and facing debt cycles.
- Stats show that a significant portion of Americans are using credit cards to cover expenses and are considering side gigs to make ends meet.
- The lifting of the freeze on student loan payments has also impacted Americans' spending plans.
- While assets may be growing, the economy is seen as fragile, with many individuals vulnerable to financial devastation.
- Economic future is uncertain, with attention turning to potential recession in 2025.
- People are concerned about inflation and labor market trends, awaiting guidance from Powell.
- The Winners and Losers in this economic landscape are becoming more defined, impacting various segments of society.
- The current economic situation raises questions about stability and long-term financial prospects for many individuals.
- There is a growing divide between economic indicators and the lived reality of many Americans.
- Despite some positive financial aspects, there are significant challenges ahead for the economy and the population.
- The situation post-Iran war continues to shape the economic landscape, influencing winners and losers in the process.
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