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The Latest Breaking News from Torsten Slok

Wages are actually growing faster than inflation. Here’s why you don’t believe it

“I’m less convinced about this K-shaped recovery than other people are,” Harvard's Jason Furman says. But look at the bottom of the scale.

Fortune

Bank of America predicts an ‘air pocket,’ not an AI bubble, fueled by mountains of debt piling up from the data center rush

“Is this 2000? Are we in a bubble? No,” BofA’s strategy chief Savita Subramanian said. “Will AI continue in unfettered leadership? No.”

Fortune

‘Dr. Doom’ Nouriel Roubini breaks with the crowd on the AI bubble, saying the U.S. is headed for a ‘growth recession’ and not a market crash

“The now common view,” according to the NYU Stern School of Business professor emeritus, “is incorrect over the medium term.”

Fortune

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Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Fortune

In just 15 years, the average U.S. homebuyer went from 39 to 59 years old: Top analyst reveals how the housing market has warped in one generation

The first-time homebuyer just hit 40 years old for the first time ever, but the average homebuyer is nearly a senior citizen.

Fortune

The K-shaped economy has come for your wages, as lower-income Americans sees their gains plummet to the weakest rate in a decade

A decade ago, low-income Americans saw the highest income growth, Apollo chief economist Torsten Slok said. Today, the opposite is true.

Fortune

Scott Galloway warns of ‘nowhere to hide’ in markets if the OpenAI story unravels

"If the music stops, there's not only not any chairs, there's like hot coals they're all going to sit on. It's going to be ugly."

Fortune

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The S&P 500 is also in a K-shaped economy, says Apollo, with a widening gap between the winners and losers

Part of the growing divide between the rich and the average worker can also be traced back to where these households derive their wealth—namely, from their exposure to the booming stock market of 2025.

Fortune

Is China Trying to Kill the US Dollar? Experts Warn Its Massive Gold Buying Spree Is Working

Experts warn China's massive gold-buying spree is a strategic move to challenge the US dollar's global dominance. As gold prices pass $4,000, learn why economists see a 'significant shift' in world power.

International Business Times UK

China's Gold Binge May Eclipse US Dollar, Says Top Economist

China has emerged as a major force behind the recent surge in gold prices, with its growing influence projected to surpass even that of the U.S. dollar, according to a top economist.

Benzinga

Top analyst says China is playing a ‘key role’ in the price of gold going through the roof, and he’s got the data to prove it

“Higher business uncertainty in the U.S. is also pushing gold prices up,” according to Apollo chief economist Torsten Slok.

Fortune

New China tariffs announced during government shutdown and AI valuation debate are a ‘perfect storm coming together,’ top economist says

Expect the new round of tariffs to spur inflation and put "downward pressure" on GDP, he added.

Fortune

Trump's Controversial Tariffs Generate Nearly $350 Billion, Becoming 'Very Significant' US Revenue Source, Says Economist

The controversial tariffs imposed by President Donald Trump have turned into a major revenue stream for the U.S. government, amassing approximately $350 billion at an annualized pace.

Benzinga

Trump's tariffs are bringing in a 'very significant' amount of revenue, top analyst says: Roughly $350 billion a year

Fortune's Shawn Tully and Steve "the money doctor" Hanke have argued that they bear a strong, uncanny resemblance to a tax western Europe has had for decades.

Fortune

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Fortune

Jerome Powell says the Gen Z hiring nightmare is real: 'Kids coming out of college...are having a hard time finding jobs’

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."

Benzinga

Why Active Investors Are Losing The Game In Today's Stock Market

Beating the SP 500 used to be the goal for active investors — now it's more like chasing a mirage.

Fortune

'Human skills' are at a premium again now that big companies are backpedaling on error-prone AI

“What I'm seeing happening is the humans are coming back into the loop," Kelly Monahan, MD of the Upwork Research Institute, told Fortune.

Fortune

Top economist Torsten Slok warns of an ‘inflation mountain’ in a potential repeat of the ’70s

“The risks are rising that we could see another ‘inflation mountain’ emerge over the coming months,” Apollo Global’s chief economist said.

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Benzinga

Truflation's Inflation Spike Rockets To 7-Month Peak, Casting Doubt On Fed Rate-Cut Cheerleaders, Says Jim Bianco

The President and founder of Bianco Research LLC., Jim Bianco, is sounding the alarm on inflation, pointing to a recent surge in a real-time inflation metric as a challenge to hopes for Federal Reserve rate cuts.

Fortune

‘It’s almost tragic’: Bubble or not, the AI backlash is validating one critic’s warnings

Gary Marcus told Fortune that AI valuations remind him of Wile E. Coyote. “We are off the cliff.”

Fortune

Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.

Benzinga

Unemployment Claims Rise–And That's A Problem For The Fed

After more than a month of steady declines in weekly jobless claims, the first signs of weakness are starting to emerge, as a rise in unemployment is once again drawing attention to the disappointing jobs report released last week.

Benzinga

AI Bubble Is More Unhinged Than Dot-Com—A Chilling Warning From The Inside

Today's AI-fueled market frenzy is even more dangerously inflated than the 1990s internet bubble that ended with a historic crash in 2000.

Fortune

The AI boom is now bigger than the '90s dotcom bubble—and it's built on the backs of bots, maybe more than real users

Automated bots now make up more than half of global internet traffic, surpassing human-generated activity for the first time in 2024.

Fortune

CEOs are in distress and consumers fear job losses amid ‘stagflation shock,’ economist warns

New research from Apollo Global Management outlines the tariff impact on U.S. businesses and consumers. Signs are pointing toward recession by summer.

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