The week saw a series of events that could have a significant impact on the financial markets. From the stock market\u2019s shaky start to September to a veteran economist\u2019s dire warning, here\u2019s a quick recap of the weekend\u2019s most crucial financial news.<\/p>\n
Markets Slide Amid Tariffs, Rate Cut Bets<\/p>\n
The stock market began September on a weak note, with U.S. stock futures tumbling on Tuesday. This drop followed Friday\u2019s negative movements, with futures of major benchmark indices trading lower. President Donald Trump cautioned that a record $15 trillion in planned U.S. investments would be \u201cimmediately cancelled\u201d if courts strike down his tariff policies.\u00a0<\/p>\n
Read the full article.<\/a><\/p>\n Veteran Economist Warns Of Global Collapse<\/p>\n Economist Fred Harrison, known for accurately forecasting the 2008 financial crisis, warned about converging crises that could create chaos. The 81-year-old veteran economist, who played a key role in forming Russian economic policy after the fall of the USSR, described the situation as something he\u2019s \u201cnever experienced in my lifetime.\u201d\u00a0<\/p>\n Read the full article.<\/a><\/p>\n See Also:\u00a0Trump\u2019s Tariffs Now A Financial Boon, Shielding US From Global Bond Market Sell-Off, Say Analysts: \u2018Forget The Economic Justification\u2026\u2019<\/a><\/p>\n Trump’s Tariffs Now Seen As Fiscal Lifeline<\/p>\n President Donald Trump\u2018s controversial tariffs have emerged as a financial boon, shielding the U.S. from the recent global bond market turmoil. Initially a cause for concern, the tariffs are now viewed as a crucial element of Washington\u2019s financial stability. This shift in perspective has helped the U.S. avoid the worst of the recent government bond market sell-off.\u00a0<\/p>\n Read the full article.<\/a><\/p>\n Markets Tumble, VIX Spikes, Gold Soars<\/p>\n Wall Street stumbled on Tuesday, with broad losses by midday in New York as investors turned risk-off amid mounting concerns over lofty valuations, seasonal headwinds, and fiscal strains. The CBOE Volatility Index (VIX) \u2014 Wall Street\u2019s \u201cfear gauge\u201d \u2014 surged nearly 20% to 19.2, marking its third consecutive advance.\u00a0<\/p>\n