deficit

Unprecedented US fiscal stimulus with massive deficit, financed via short-term issuance…. Gold’s rising global reserve status challenges fiat currencies

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 — Robin Brooks (@robin_j_brooks) May 30, …

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Federal debt surges, Treasury depletes funds to mask record deficit during elections.

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 of upcoming elections. This move, …

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JPMorgan warns S&P 500 could tumble 20% by the end of the year; Jamie Dimon has urged the U.S. to deal with its deficit sooner rather than later

The U.S. stock market soared to a new record high over the past week, but there may still be trouble on the horizon, according to JPMorgan analysts. The forecast from JPMorgan’s chief market strategist Marko Kolanovic is one of the most pessimistic on Wall Street. He and his peers see the S&P 500 ending the …

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National debt reaches $34.5 trillion, with a $2 trillion annual deficit and a 122% debt to GDP ratio under Biden… What a time for metals

NATIONAL DEBT: $34.5 Trillion Yellen: •Need to address the $2 trillion a year deficit •Debt to GDP ratio the highest ever at 122% under Biden •Interest rates are highest in 20 years •Rates still low relative to the previous decades interest on the debt remains manageable ⚠️NATIONAL DEBT: $34.5 Trillion Yellen:•Need to address the $2 …

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California Legislature Rejects ‘Medicare for All’ — Again — Over Costs, Deficit

The Democrat-dominated California state legislature has once again rejected a proposal to create a single-payer health care system — socialized medicine, or so-called “Medicare for All” — due to the high cost amid budget deficits. The idea of a government-run, publicly-funded health care system has tempted left-wing Democrats for decades. In 2016 and 2020, it …

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There are consequences from US interest-rates remaining at 5.5% for the fiscal deficit and the Japanese Yen

via notayesmanseconomics Today is Federal Reserve day when just after 7pm (they are usually late) we learn the interest-rate decision of Jerome Powell and his colleagues. On the surface not much is expected which is highlighted by the front page of the Financial Times not mentioning it at all as I type this.Yet underneath the …

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Deja Vu All Over Again: Biden Administration Charts Another Massive Budget Deficit in March

via moneymetals: It was deja vu all over again. The Biden administration ran yet another massive budget deficit in March. Tax receipts were up last month compared to February, but so was spending. That led to a $236.46 billion budget shortfall, according to the latest Monthly Treasury Statement. With another huge monthly deficit on the books, …

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Gov. Gavin Newsom faces reckoning with $73B budget deficit lawmakers say he helped create

Democratic lawmakers came to an agreement Friday to reduce the state’s multibillion-dollar deficit by $17.3 billion through a combination of spending cuts, delays and deferrals, a deal reached behind closed doors Republican lawmakers quickly labeled as “gimmicky.” “This most recent deal that he’s touting is all reliant on budget gimmicks, cause shifts and deferrals, which, …

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California’s Deficit Is $222 Billion and the State is $1.6 Trillion in Debt

via Mike Shedlock Governor Gavin Newsom bragged of a surplus, but California is seriously underwater. The next recession will hit the state extremely hard. Golden State Budget Fantasy The City Journal founder Ed Ring comments on the Golden State Budget Fantasy While finalizing the upcoming fiscal year’s state budget back in May 2022, California governor Gavin …

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: Gross Domestic income is negative while “Real” GDP is not sustainable as deficit across $3 Trillion this year.

🇺🇸 US Real Gross Domestic Income -0.1% YoY. In #recession territory with a perfect track record! H/t: @GameofTrades_ pic.twitter.com/WUyY6GN0vR — Alex Joosten (@joosteninvestor) February 23, 2024 My point exactly. Since 2000, US real GDP increased +60% with industrial output flat. All growth from services — healthcare, rent, education etc — which more than doubled. Has …

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Biden’s $7.3 TRILLION Budget Is DOA In House, Massive Tax Increases Proposed So Biden Can Spend Even MORE Money (Federal Deficit Expected To Explode To $16 TRILLION Over Next Decade)

by confoundedinterest17 Every little thing Biden touches turns into disaster. Like the Federal Budget(consider it the fiscal version of the Afghanistan withdrawal). Following yesterday’s release of Biden’s $7.3 trillion budget, the Biden administration bragged about lowering the deficit by $3 trillion over the next decade – an average of 0.8% of GDP over that period. This would …

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Deficit Joe Strikes Again! Record $10 Trillion In US Treasuries Coming To Market In 2024 As Budget Deficits SOAR Under “Deficit Joe” (Don’t Forget About $212.5 TRILLION In Unfunded Liabilities)

by confoundedinterest17 The great Will Rogers once said he never met a man he didn’t like. US President Joe Biden and Democrats have never met a spending opportunity they didn’t like (except for US border security, of course). Under “Deficit Joe” Biden, Federal budget deficits have soared! And deficits are projected to grow! Over the …

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California’s $68 billion deficit: Housing costs, population loss, remote work, and income tax decline contribute. Ouch.

California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for the first time in 2021, as it lost around 281,000 residents, according to the Public …

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Biden’s Fiscal Inferno! Treasury Warns Budget Deficit Up 13%, Debt Reaching $34 Trillion (Don’t Forget About $212.5 TRILLION In Unfunded Liabilities)

by confoundedinterest17 It‘s Biden’s Fiscal Inferno! Insane open borders, insane green spending, wars in Ukraine, Gaza and growing restlessness around Taiwan. Inflation. And a demented 81-year old President in charge. The U.S. government ran a budget deficit of $381 billion so far into the 2024 fiscal year, which represents a 13% increase from this same time …

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Treasury Warns Budget Deficit up 13% Compared to This Time Last Year, Debt Reaching $34 Trillion

via justthenews “The growth in spending continues to outpace the growth in tax collections. This is why our national debit is heading toward $34 trillion. It cannot go on forever without serious economic consequences,” says the leader of the Tax Foundation. The U.S. government ran a budget deficit of $381 billion so far into the …

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California has ordered a spending freeze due to its $68 Billion budget deficit. Is this the beginning of something bigger?

by TonyLiberty Taxes kept climbing. People moved. Population shrinking, tax base shrinks. Seems straight forward. Time to cut back on taxes and things will rebound. I’m not a Trumpian but just cut taxes at the state level back to early 2000 levels and more people can afford to live in the state. Growing the tax …

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Money Printer go Brrrr: Inflation is permanent, US Deficit spending is out of control.

In straightforward terms, let’s address a pressing concern: Inflation is here to stay, and the US deficit is spiraling out of control. Despite Treasury Secretary Yellen’s reassurances, there’s reason to be uneasy about the mounting US debt. Facing the facts, $1 trillion-plus US budget deficits are becoming the norm, and federal projections paint a grim …

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Crisis Unfolding: China’s Deepening Job Market Woes, Risky Real Estate Loans, and Soaring Budget Deficit Sound Alarm Bells

A crisis looms over China as alarming signs of economic distress emerge. Despite official claims, the job market’s true fragility is exposed by online listings and household surveys, painting a grimmer picture. Adding to the ominous scenario, China is contemplating unsecured loans for real estate developers, marking an unprecedented move with potentially catastrophic consequences. As …

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A global nuclear renaisance in progress. While the global uranium supply is in a structural deficit that can’t be solved in a year time.

by Napalm-1 Hi everyone, We know that the global annual uranium supply is in a structural deficit, that can’t be solved in a year time and not at today’s low uranium price (~75USD/lb) The uranium market is in a structural global deficit and it can’t be solved in 12 months time. In fact, the Total …

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U.S. Faces Unprecedented $1.7 Trillion Fiscal Deficit, Experts Warn of Looming Economic Crisis

Higher US debt deficits can potentially contribute to inflation if the government resorts to printing more money to cover its deficit, which can increase the money supply and, in turn, lead to rising prices. Prominent figures like former Treasury Secretary Larry Summers and investor Stanley Druckenmiller are sounding alarms about the unprecedented economic challenge the …

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Biden’s Deficit Grows Twice as Fast as Projected, Threatening a 40% Surge in 2024 Amidst Recession Fears and Proxy War Spending

The U.S. deficit, as reported by The Wall Street Journal, is expanding at a pace twice as rapid as initially projected, primarily due to the previously undisclosed student loan debt. This trajectory points to a 2024 deficit that could surpass last year’s by a staggering $600 billion, representing a 40% surge within a single year. …

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Surging US budget deficit fuels 5% yields

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 …

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US government is setting the stage for a major interest payment problem. Until Congress reduces the deficit, inflation won’t go away.

Despite the Federal Reserve’s efforts, high inflation persists due to the growing deficits and the nation’s $33 trillion national debt, indicating that Congressional action to control spending may be the only effective solution to address this ongoing issue. Yes, and increase in rates is a huge problem too. With $33.529 trillion in debt, if the …

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Biden is playing fiscal games. The deficit is even bigger than it looks.

THE FEDERAL DEFICIT IS EVEN BIGGER THAN IT LOOKS (WSJ) When it comes to the size of the federal government’s annual deficit, appearances can be deceiving. The gap between spending and revenue for fiscal year 2023, which ended on Sept. 30, was $1.7 trillion, the Congressional… pic.twitter.com/E4PeXR6vok — FXHedge (@Fxhedgers) October 13, 2023 Real Time …

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