Independent thinking for complex markets and current events
DOGE has just exposed a massive financial oversight—$4.7 trillion in payments linked to an optional field. The Treasury Access Symbol (TAS) code was often left blank, making it nearly impossible to trace where the money went. With this critical field now mandatory, we can start seeing where taxpayer money is really flowing. The Treasury Access …
by confoundedinterest17 I call it the DC Stomp! Where The Federal Government finances its GDP growth through debt. In Q2 2024, the NET real GDP was negative at -4.7% YoY (real GDP growth less public debt growth). Under Biden/Harris, only Q2 2021 saw a positive net real GDP of 4.5% YoY. All other quarters saw a …
“While September CPI inflation is at 2.4%, inflation is much higher in many basic necessities: 1. Car Insurance Inflation: 16.3% 2. Transportation Inflation: 8.5% 3. Homeowner Inflation: 4.9% 4. Car Repair Inflation: 4.9% 5. Rent Inflation: 4.8% 6. Hospital Services Inflation: 4.5% 7. Food Away From Home Inflation: 3.9% 8. Electricity Inflation: 3.7% Core CPI …
by confoundedinterest17 US Real GDP grew at a whopping 5.2% (revision) in Q3. But was it organic growth or simply The Federal Government funding the defense and green energy industies with trillions in spending? One factor has been government spending which grew an unsustainably 4.7% in real terms over the last year. Outside the pandemic, this …
The Fed has been clear that 2% is their inflation target. Now, we have inflation rising again and hovering near the 3% mark. Will the Fed raise their inflation target or will they finally get it under control? Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 10, …