A hub for independent voices and hard truths
A $1 trillion cut is no joke—this isn’t just theory. It’s a promise to the American people, one that could shake up the entire economy. Let’s see if the powers that be are willing to back it up. NEW: Elon Musk says he thinks he can reduce the deficit by …
by Mike Shedlock Normal trade math does not add up. US imports and China exports are not in sync. China’s Bermuda Triangle UBS comments on China’s Bermuda Triangle (Download) When looking at Sino-US trade, the value of China’s exports to the US should be less than the value of US …
“The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation. Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years. This historic achievement came from the greatest adjustment in history and reducing monetary emission to zero. …
by ReDDisko Remember when some economists said Trump’s trade policy was failing because the trade deficit was $55-60 billion a month? The U.S. trade deficit widened to $102.9 billion in November.
DEFICIT: For the first time the CBO is admitting Trump’s tariffs (or threat of tariffs) could cut the deficit by trillions. h/t @WallStreetMav pic.twitter.com/zWbOMhWf2G — @amuse (@amuse) December 20, 2024 The CBO estimates that a uniform increase in tariffs of 10% on all imports would decrease the federal deficit by …
by confoundedinterest17 It is the Biden Boogie! Joe Biden is leaving the Presidency with an attrocious record. While saying he is leaving Trump with the strongest economy in modern times, the is actually leaving Trump and Republicans with a hollow shell for an economy. It is the final punch in the …
Just shows what you can do if you get rid of all the left-wing money-wasting, cut civil servants etc. Trump will do the same in the US. Let's hope western Europe follows before it's too late. — Tess Summers 🏴🇮🇪 (@tesssummers98) December 11, 2024
If we don’t tackle the national debt, all tax revenue will go to paying interest and there will be nothing left for anything else https://t.co/BakfL5lbdE — Elon Musk (@elonmusk) November 18, 2024 DOGE won't be able to cut enough to make a difference unless they are willing to cut entitlements. …
It's either going to work or it's not. Here is the alternative https://t.co/cHZA2wHnPB pic.twitter.com/LMEI4tISZL — zerohedge (@zerohedge) November 13, 2024 US Deficit Explodes: Blowout October According to the latest Treasury data released today, in the first month of fiscal 2025 (October), the US spent a massive $584.2 billion, a 24.3% …
By Martin Armstrong I reported how the US deficit reached the third-highest on record after surpassing $1.83 trillion. Instead of questioning why the deficit rose 8% in a single year, the government believes that the taxpayers should simply pay MORE into the failing system. Treasury Secretary Janet Yellen declared that she is …
The trajectory. pic.twitter.com/7x59bmBk5k — Tuomas Malinen (@mtmalinen) October 23, 2024 Why in the hell are we cutting interest rates? Honestly it’s complete insanity. The bond market hates the idea as you can see by the rising 10 year yield. Inflation is still a major problem and is not under control. …
By Martin Armstrong The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it is solely due to government spending. The highest deficit happened in 2020 during the disaster of COVID, and second behind is …
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record WASHINGTON, Oct 18 (Reuters) – The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending …
by confoundedinterest17 Tennessee Ernie Ford sang it best. $36 tons of debt. Another day older and deeper in debt. Notice virually no political candidate will acknowledge or discuss. The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures released Friday by U.S. …
“At 2pm EST on the 8th business day of every month the Federal Government is supposed to release their “Monthly Treasury Statement.” This report details how much money the government is taking in via taxes and how much is going out via spending…” “Which begs the questions: what are they …
This year’s spending to elect a president and members of Congress will hit at least $15.9 billion – putting 2024 on track to become the nation’s most expensive federal election, according to a new analysis from OpenSecrets, a nonpartisan organization that tracks money in politics. Helping to drive up the …
That would mean accountability. I am all for accountability. — floridanow1 (@floridanow1) October 5, 2024
It’s a joke. The US took in less than $4.5T in income in 2023, yet serviced $33T in debt. The US debt was $5.6T 24 years ago (2000), but revenue was $2.025T. Interest payments were $660B in 2023 and $220B in 2000. Expected to be $890B in 2024. Point being, …
This is absolutely mind-boggling! The U.S. government has normalized running a $2 trillion deficit. They better hope there's never an economic downturn, or things could get catastrophic… Oh wait… pic.twitter.com/xZjW4JZkKm — The Cytadel (@thecytadel) September 12, 2024 Gold rising with rising US real rates conveys a simple message that has …
One must wonder how much a 6% GDP deficit in a 2% GDP economy is hiding actual recession. Here is the monthly hiring rate: pic.twitter.com/nVNbmA9ANm — Mac10 (@SuburbanDrone) August 8, 2024 Simple https://t.co/pnXlhL7zAN pic.twitter.com/mPqlutVkDc — Alessio (@AlessioTMAD) August 8, 2024 https://twitter.com/RJRCapital/status/1821526742135079234 This is the highest S&P 100 (mega cap) volume …
I bought a credit spread on $spy on July 9th, expiring this Monday (7/22). After some time (days before expiration) I check my robinhood app and my account is flagged with an account deficit, and a regulation T call. There is also a new position opened of a $557 put …
by confoundedinterest17 Goodbye cruel world! Thursday, when the CPI report was released with a month-to-month reading of -0.056% (rounded to -0.1%), the six-month Treasury yield dropped by 8 basis points, and on Friday by another 2 basis points, to 5.23%. That combined 10-basis-point drop was a significant and visible 2-day move. It brought …
It is worse than that. Even their advantages have a downside. Unlike the US most EU countries have exercised good debt management and have long average maturities. A higher for longer scenario is not their friend as debt gets rolled over. #EU #France #debt #deficit — Jacobo Pascual (@jacobotweetsnow) July …
by Jo-89002 As of the past 12 months, the federal budget deficit in the United States totaled $2.2 trillion. This amount is up 64% from the $1.4 trillion deficit in Fiscal Year 2022 and more than twice as large as the deficit prior to the beginning of the pandemic. The final revision for …
The Congressional Budget Office (CBO) has recently updated its projections for the U.S. government’s budget deficit. Here are the key points: Fiscal Year 2024 Deficit: The projected deficit for fiscal year 2024 is $1.9 trillion. Adjusted to exclude certain payment timing effects, the deficit amounts to $2.0 trillion in 2024. …
WASHINGTON (Reuters) – The U.S. budget deficit will jump to $1.915 trillion for fiscal 2024, topping last year’s $1.695 trillion gap as the largest outside the COVID-19 era, the Congressional Budget Office said on Tuesday, citing increased outlays for student loans, Medicaid, bank failure costs and aid to Ukraine and …
A record $8.9 trillion of government debt will mature over the next year, see the first chart below. The government budget deficit in 2024 will be $1.4 trillion according to the CBO, and the Fed has been running down its balance sheet by $60 billion per month. The bottom line …
This is when the Fed finally stops gaslighting you. The economy was NEVER doing well, and it's not helping Biden anymore to lie to you about it. So, better to admit defeat and start planning rate cuts to rescue the wreckage that's coming (and that will take just as long …
It's hard to understate just how unprecedented the scale of US fiscal stimulus is at the moment. Not only is the deficit massive for a non-crisis period, but its financing is almost entirely via very short-term issuance, which has never been the case before in a non-crisis time. pic.twitter.com/3mQWWPb7ds — …
It appears there’s growing concern over the management of federal debt and deficit amidst the backdrop of recent financial maneuvers. Janet Yellen’s decision to draw down $5.7 billion from the Treasury cash account raises eyebrows, seen by some as an attempt to obscure the true scale of the deficit ahead …