Independent thinking for complex markets and current events
Turkey and Argentina used rate pressure management to ease fiscal strain but ended up amplifying inflation and currency instability through loss of market confidence. The former US Federal Reserve chair Janet Yellen says lowering rates to reduce debt service costs can lead to inflation getting out of control. She compared the United States today to …
President Donald Trump has suspended funding for research and programs at the University of Maine System (UMS) after he clashed with Democrat Governor Janet Mills over the state’s refusal to ban transgender athletes from girls’ sports. In an email received by UMS, the chief financial officer at the US Department of Agriculture (USDA) ordered all …
by Antonius Aquinas Outgoing Treasury Secretary Janet Yellen has apologized (sort of) for the Biden administration’s failure to reign in the U.S. financial house and presiding over an increase in trillions of dollars in debt for the nation. According to Tyler Durden, writing for Zero Hedge, Yellen said at a Wall Street Journal organized event in December: I …
The whiplash-inducing, “Hunger Games”-style race to become Donald Trump’s Treasury secretary made it easy for the media to ignore what has been going on with Janet Yellen — and the absolute mess she’s leaving for her successor. Yellen — who, it was revealed Friday, will be replaced as Treasury secretary in January by hedge fund …
President Clinton’s dismissal of 93 U.S. attorneys in 1993 was a routine part of a new administration asserting its priorities. U.S. attorneys are political appointees who serve at the president’s pleasure, and it’s common for an incoming administration to replace them with individuals aligned with its policies. Clinton’s decision, while sweeping, followed precedent and allowed …
Harris-Biden Treasury Sec. Janet Yellen says their "transition to a lower carbon global economy" will "require no less than $3 trillion" each year pic.twitter.com/Ho5AoT3e9e — RNC Research (@RNCResearch) July 28, 2024 This idiot wants $78 Trillion to fight the weather. U.S. Treasury Secretary Janet Yellen said during a speech in Belem, Brazil, on Saturday that …
Janet Yellen should have kept her mouth shut. Millionaire Treasury Secretary Janet Yellen appeared out of touch when asked about inflation under President Biden — insisting she goes to the grocery store “every week” and isn’t shocked by the skyrocketing prices. Yellen was quick to shoot down a question about grocery prices, which are up …
Yellen should be focusing on the economy and other treasury related stuff. If we keep bankrolling countries around the world – our debt will grow unbounded. — Erick (@Erickschultz11) June 21, 2024
A Redfin report confirms the grim reality: home prices have surged nearly 5% year over year across every major U.S. city, while mortgage rates approach 8%. Treasury Secretary Janet Yellen’s testimony underscores the dire situation, describing it as “almost impossible” for first-time buyers to enter the housing market amidst this lethal combination of factors. Key …
#JustDarioDaily 🔔 JANET’S TOOTHLESS YELLING IN #CHINA 🙄🔔 TL;DR Not only Janet Yellen’s demands to #China this time around are the complete opposite of “capitalism”, but they also go against US people’s interests.. Link To The Article 👇🏻https://t.co/OtxPsVzCHO — JustDario 🏊♂️ (@DarioCpx) April 8, 2024 Just to give you an idea, these were the words …
In a bold move, members of US Congress have penned a stern letter to Secretary of the Treasury, Janet Yellen, and Secretary of State, Antony Blinken, demanding clarification on the Biden Administration’s Iran sanctions policy. The letter, signed by prominent lawmakers including Bill Huizenga, Brian Mast, Blaine Luetkemeyer, and Joe Wilson, highlights growing concerns over recent …
Janet Yellen is behind the “biggest blunder” in the history of America’s Treasury, according to billionaire hedge funder Stanley Druckenmiller. Druckenmiller—whose decades-long career has seen him build a net worth of more than $6 billion—slammed the Treasury Secretary during an on-stage discussion at last week’s Robin Hood Investors Conference, arguing that Yellen had failed to …
By Graham Summers, MBA The fate of the stock market is in the hands of Treasury Secretary Janet Yellen this week. Every quarter the Treasury announces its financing needs via its Quarterly Refunding Announcement (QRA). In the QRA, the Treasury announces: 1) How much debt it will need to issue total to fund the government …
Janet Yellen: “We can afford two wars.” Bond Market: “No.” pic.twitter.com/BuVQJXExVA — James Lavish (@jameslavish) October 21, 2023
Bankruptcy filings have recently reached levels on par with the 2008 Great Recession and the 2020 COVID-19 pandemic. https://apolloacademy.com/bankruptcies-rising/ His source appears to be this and it only refers to companies with over $50 million in liabilities. So the y-axis is the number of companies filing for bankruptcy, so a peak of an average of …
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over. Treasury Secretary Janet Yellen gave her two cents on the matter of so-called “de-dollarization” during a congressional hearing on Tuesday — stating that no currency currently exists …
via wnd: Joe Biden’s Treasury secretary, Janet Yellen, has had some startling things to say about the economy. “I don’t see any signs that the economy is at risk of a downturn,” she claimed on social media. “And this is the best of all worlds.” JANET YELLEN: "I don’t see any signs that the economy …
https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/C22B882BBDC40AC78525864F008106AB/$FILE/Yellen,%20Janet%20L.%20AMENDEDfinal%20278.pdf h/t cosguy224
The US has $17.1 trillion in household debt, $12.0 trillion in mortgages, $1.6 trillion in auto loans, $1.6 trillion in student loans, and $1.0 trillion in credit card debt. pic.twitter.com/xU9iQN2f5f — MapleMAGA 🇨🇦🇺🇸 (@MapleMAGAw5) August 8, 2023 US Total Household Debt Hits an All-Time High of $17 Trillion; Credit Card Debt Also Sets New Record …
Janet Yellen bows to China. Literally. pic.twitter.com/JnEsfsExJF — Citizen Free Press (@CitizenFreePres) July 8, 2023
The United States needs to have a greater leadership role in the International Monetary Fund (IMF) and other international financial institutions to support impoverished countries and limit China’s influence, says Treasury Secretary Janet Yellen. Yellen appeared before the House Financial Services Committee, defending a proposal to bolster the government’s participation in the IMF’s New Arrangements …
via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …
The government is technically in default? "QT has almost been entirely offset by Janet Yellen running down the Treasury Savings Account. She could have sold 10 years for under 1%… instead she runs down the Treasury Savings Account." pic.twitter.com/BMcFE6gGKk — Financelot (@FinanceLancelot) June 1, 2023 TGA fell to $37 billion yesterday. If The TGA has …