cuts

Raskin defends USAID’s wasteful spending, while Trump’s push for cuts gains support. New revelations expose corruption in refugee programs tied to USAID grants.

Rep. Raskin’s outburst against Elon Musk only highlights the extent to which the political elite will go to protect their corrupt interests. With a national debt spiraling out of control, Raskin’s defense of wasteful government programs is proof that he cares more about maintaining his power and profit than solving America’s financial crisis. As the …

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DOGE Elon Musk claims he WONT find $2 trillion in federal budget cuts

Musk And Ramaswamy’s DOGE Is Hiring 'A Small Number' Of Full-Time Salaried Employees https://t.co/rUTlgcNuUE #OAN — One America News (@OANN) January 9, 2025 The Department of Government Efficiency (DOGE), led by Trump allies Elon Musk and Vivek Ramaswamy, recently announced that the new organization is recruiting for a “very small number” of full-time positions. Although …

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Colbert CUTS OFF Talk Of CIA-Hollywood Connection!

An recently resurfaced video from Feb. of 2018 from an appearance by actress Claire Danes on Stephen Colbert’s show has gone viral for what it reveals about the connection between Hollywood and the intelligence community. In the clip Danes talks about how her “Homeland” show went to a weeklong “spy camp” with “actual spooks” in …

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Job cuts hit 71,894, rising year/year, with January surge expected

Job cuts remain elevated to end the year at 71,894 – up year/year and highlighting firms desire to continue shedding jobs into 2025. Expect job cuts to surge in January as firms rightsize & continue outsourcing – especially in white collar areas. Final # avail 1/5.… pic.twitter.com/skKNRNj0gX — MacroEdge (@MacroEdgeRes) December 30, 2024 Las Vegas’ …

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FED cuts rates, but bond market signals inflation isn’t over, 1973-75 repeat possible. Buckle the f**k up!

FED reassures the market that inflation is over by cutting rates.Bond market reassures FED that inflation ain't over. Shaping up to rival 73' -75' repeat. God help us all. pic.twitter.com/ZiKJ4qazxB — The Great Martis (@great_martis) December 27, 2024 Yields will now keep rising until the equity market collapses. The die is set. — Uncle Milty’s …

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Spending cuts will be ‘complicated’ in congress.

Conservatives who want to slash the federal budget are hoping they can enlist President-elect Donald Trump and Elon Musk to their side come January. But last week’s meltdown over government funding underscored that Trump doesn’t always share their fiscal restraint. Though Trump and Musk helped upend an initial bipartisan appropriations deal loathed by fiscal hardliners, …

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Ottawa sharpens the axe: $15.8B cuts threaten federal jobs… Real Estate’s hidden crisis beneath optimism lurks a sinister reality… Canada keeps debasing its currency.

"Ottawa Sharpens the Axe" Thousands of federal public servants brace for potential layoffs as Ottawa targets $15.8B in budget cuts. 🪓 pic.twitter.com/IsYAPpTBoa — Shazi (@ShaziGoalie) December 24, 2024 1/ RE/MAX predicts a 5% national price increase in 2025, with GTA real estate maintaining its strength. But numbers alone don't tell the full story. Let’s peel …

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The combination of the Fed’s rate cuts and a drop in RRP usage could set the stage for liquidity strains, potentially leading to another repo crisis similar to what happened in 2019.

As expected, RRPs are down again, now below $100 billion as Fed's rate cut has reduced incentive to park liquidity at this facility; we'll be seeing repurchase agreements ramping up in the New Year and then the '19 repo crisis may repeat: https://t.co/lboowxcZmU pic.twitter.com/8S4dLXHCjb — E.J. Antoni, Ph.D. (@RealEJAntoni) December 20, 2024

Fed rate cuts fail to lower 30-year mortgage rates, likely worsening. Credit spreads widened before and after the Fed meeting, reaching stress level. Cattle ignoring bonds.

1. The thought is the Fed could make homes more affordable by cutting interest rates So far, mortgage rates are doing opposite, and rising instead Why? Because mortgage rates move with the yield on the 10-year Treasury, which has surged this week pic.twitter.com/zk0c3UJi9Y — Michael Burry Stock Tracker ♟ (@burrytracker) December 20, 2024 3. A …

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No soft landing for real estate: Mortgage rates rise despite Fed’s three rate cuts. Home prices are contracting sharply. Home builder lenar just said road ahead will be choppy

What have we learned from the market this Fall? There are 2 paths forward for Real Estate and both are painful: 1. Higher rates, stagnant market, layoffs, prices grind flat or down 2. Lower rates that come when the economy collapses, not because the Fed waves a magic wand — Amy Nixon (@texasrunnerDFW) December 20, …

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Greg Lopez (R-CO) of Musk’s DOGE Caucus says “there will be cuts” to Social Security and Medicare.

It’s just a matter of where and how much Musk will cut our Social Security and Medicare benefits now. BREAKING: @RepGregLopez says outside the first meeting of the DOGE Caucus that "there will be some cuts" to Social Security and Medicare. HANDS OFF OUR EARNED BENEFITS! pic.twitter.com/NFYjA6hdEo — Social Security Works ❌👑 (@SSWorks) December 17, …

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Apollo warns inflation rising again, predicts potential 1970s repeat with Fed rate cuts. Enjoy your rate cut this week. There might not be another one for a long time.

Enjoy your rate cut this week. There might not be another one for a long time. pic.twitter.com/Z04lWsu2Tn — QE Infinity (@StealthQE4) December 16, 2024 This is what “sticky” inflation looks like. pic.twitter.com/zcKIeq34a2 — QE Infinity (@StealthQE4) December 16, 2024 Yields on 10-year Treasuries rose about a quarter of a percentage point last week, the biggest …

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IRS recoups only $4.7B with $80B boost from Inflation Reduction Act and now faces $20B GOP cuts.

TLDR: IRS recouped $4.7B from unpaid taxes and criminal proceeds after Inflation Reduction Act boost. $1.3B from overdue taxes by wealthy individuals. $2.9B from criminal cases targeting drug traffickers, cybercriminals, and terrorist financiers. $475M from whistleblower tips on hidden income and tax fraud. $292M from 28,000 high earners who hadn’t filed since 2017. IRS-Criminal Investigation …

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Peter Schiff: Inflation pressures gold, but Fed cuts and QE will drive it higher. Tavi Costa: Agricultural commodities surged; inflation battle continues.

Today's hotter-than-expected #inflation data, following similar news yesterday, is putting more downward pressure on #gold. But gold will soar when investors realize the Fed will keep cutting rates despite inflation, and return to QE, sending both inflation and gold much higher. — Peter Schiff (@PeterSchiff) December 13, 2024 Agricultural commodities have surged nearly 30% year-over-year, …

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US job cuts hit 722,566 YTD, highest since 2009 excluding 2020.

US JOB CUT ANNOUNCEMENTS ARE SKYROCKETING⚠️ US-based firms announced 57,727 job cuts in November, the third-highest number since the 2008 FINANCIAL CRISIS. Year-to-date there have been 722,566 job cuts, the largest amount since 2009 (Financial Crisis), excluding 2020 Crisis. ⚠️US JOB CUT ANNOUNCEMENTS ARE SKYROCKETING⚠️ US-based firms announced 57,727 job cuts in November, the third-highest …

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US Debt Could Hit $40 Trillion in 2 Years, With Growing Calls For Cuts. Musk Warns “America Is Headed For Bankruptcy SUPER FAST!”

At the current pace, US debt could hit $40 trillion within the next 2 years. Calls for major spending cuts are growing, but not being acted on yet. We are on an unsustainable fiscal path. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) November 27, 2024 Over $70 …

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81% demand federal government downsizing. Elon Musk is looking for DOGE cuts. Rand Paul’s “Festivus” report has caught his eye!

81% of voters want to shrink the federal government 🤯 Considering 15% of voters *work* for government, that means roughly everybody else wants it to shrink. https://t.co/fsfieL5m9J pic.twitter.com/eQjeSxJips — Peter St Onge, Ph.D. (@profstonge) November 15, 2024 The U.S. National Institutes of Health spent $442,340 to study the behavior of male prostitutes in Vietnam. That …

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The front end of inflation swaps is ripping. Bond yields near tipping point: investors pay for equity risk exposure.

Bond yields surge despite Fed cuts, exposing weakening control over markets. The 10 year note yield is just causally up another +13 basis points today. That's +85 basis points since the Fed started CUTTING interest rates. And, no one seems to care. Why has this become normal? pic.twitter.com/zoV9TshYmG — The Kobeissi Letter (@KobeissiLetter) November 12, …

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ISM manufacturing index hits 15-month low, revealing deepening employment issues and production cuts.

Lost in the payroll mess, the ISM (manu) dropped to fifteen-month low not far off it. Worst part of it is how employment has dropped off during the summer, more evidence aligning with payrolls, hiring, layoffs, nominal incomes, etc. Firms have been cutting back production, trimming hours, reducing headcounts, and backlogs are still declining at …

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Price cuts! price cuts! price cuts!

People seem to be very motivated to sell. Personally I say let it rot. Interest rates need to drop back down to 2.5%. Probably should still let it rot a bit more after that. The plunge in active residential construction continues – looking most similar to 1973 & 2007. https://t.co/GryBSn2Uqs pic.twitter.com/LHl97HQ2HT — Don Johnson (@DonMiami3) …

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Powell indicates further rate cuts, but insists the Fed is ‘not on any preset course’

Key Points Fed Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive. “We are not on any preset course,” he told the National Association for Business Economics. Powell expressed confidence in economic strength and sees inflation continuing …

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