Independent thinking for complex markets and current events
The soaring US budget deficit, which surged to $2 trillion for the fiscal year ending in September, growing twice as fast as the economy itself, exemplifies the reasons behind the 5% yield rates. This deficit spike is primarily attributed to falling revenues, alongside increased spending on debt servicing, Social Security, and Medicare. The US government …
🇯🇵 But the government's room for manouevre is limited as Japan has the industrial world's heaviest debt, and a supplementary budget of that size would make it even harder to meet a target to balance the primary budget, excluding new bond sales and debt servicing costs, by fiscal… https://t.co/MkCeWJ8KGL — PiQ (@PiQSuite) October 17, 2023 …
Everyone’s waiting to discover the level at which yields spur financial instability. From @kitjuckes this morning: “For now, the FX market is a bystander, watching Treasuries and waiting for them to break something.” — Lisa Abramowicz (@lisaabramowicz1) October 3, 2023 via Bloomberg: The slide in Treasuries has been excessive given recent economic data and Federal …
President Joe Biden made his first remarks Wednesday about the Republican-led impeachment inquiry House Speaker Kevin McCarthy announced this week. “I don’t know quite why, but they just knew they wanted to impeach me. And now, the best I can tell, they want to impeach me because they want to shut down the government,” Biden …
I have been dedicatedly working towards the goal of attaining a balanced budget for the website’s operations, particularly since tech companies and various online platforms initiated the demonetization of non-left-leaning media a few years ago. Despite encountering numerous challenges along the way, I remain committed to this mission, tirelessly seeking ways to ensure the sustainability …
Mayor Adams warned Saturday that all New York City agencies may have to slash up to 15% from their budgets by the spring in response to the ever-rocketing costs of the migrant crisis. All departments were told they will need to slash 5% from their budget by November, amounting to a several billion dollar haircut …
US debt-service costs are now at their highest since 2009 as rates soar. Over the next year, this will continue to rise as US debt is refinanced at higher rates. Yet another sign that $4 trillion in "free stimulus" is not really free. There's no such thing as free money. pic.twitter.com/NQxC2VozHO — The Kobeissi Letter …
by Martin Armstrong The Department of Defense (DoD) drastically changed its budget plan. The left is constantly complaining about how America spends too much on defense, and the White House originally decided that there would be around a 2% increase in the budget for 2024, which is average. Now, the Department of Defense is planning …
Ukraine’s National bank says it now holds nearly $39 billion in foreign reserves, the highest level in the history of the country as an independent nation, as it continues to receive large deliveries of cash from allied nations. There was a $38.99 billion reserve held by Ukraine as of July first, the National Bank of …
NYTIMES: F.D.A.’s Drug Industry Fees Fuel Concerns Over Influence The pharmaceutical industry finances about 75 percent of the agency’s drug division, through a controversial program that Congress must reauthorize by the end of this month. h/t C3PO-Leader
by DJDevine These are the consequences of decriminalizing drugs, apathy towards the homeless, sky high taxes, and ridiculous policies. In other words, this is the result of voting unchecked for what feels good instead of what IS good for your community. Thank to that and essentially outlawing conservatism of any kind, this is the result …
3% interest rate means nothing if you borrowed too much money for your income and can’t make the payment with other inflation kicking in — Amy Nixon (@texasrunnerDFW) June 4, 2023 High-school sweethearts with good jobs, a baby on the way and a $600,000 budget can’t find a house after 2 years of hunting. ‘It …
McCarthy has just handed all the Jan 6 tapes to several people, including Solomon. Maybe something will happen now. https://twitter.com/_/status/1663979533404389388 Watch: J6 Unmasked: Security footage shows Pelosi evacuating Hollywood-style from Capitol as daughter films https://t.co/YGysHhrKf7 — John Solomon (@jsolomonReports) June 1, 2023 Join @JSolomonReports and @AmandaHead tonight on #JustTheNewsNoNoise at 6 PM ET as they …