Independent thinking for complex markets and current events
Mike Johnson didn’t offer a handshake. He gave a guarantee. In private, he told his own party he would carve $1.5 trillion in spending cuts into Trump’s domestic agenda package. That was the price. The commitment was locked. April 2025. Not ceremonial. Binding. Now look at the paper. The reconciliation bill passed. The cuts didn’t. …
https://www.atlantafed.org/cqer/research/gdpnow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 1.1 percent on May 1, down from 2.4 percent on April 30. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcast of second-quarter real personal consumption expenditures …
Obama is suddenly very concerned about what the party in power can do to rig elections and weaponize the government against perceived political enemies. What curious timing. While speaking at the ‘Democracy Forum’ the former president talked about the dangers of extremism and polarization. Isn’t it strange how this is all just becoming a concern …
If it’s not projection then it is most certainly gaslighting. I don’t think they have the self awareness necessary for it to be gaslighting. 🤣 — Craig Chamberlin (@CraigChamberlin) July 7, 2024 Sen. Marco Rubio argues with CNN's Dana Bash, telling her the Biden administration and Democrats are "the ones that have been going after …
The government’s projection of the fiscal deficit carries a sobering implication: it foresees the Federal debt doubling within a mere 12 years. The government's own estimate of the fiscal deficit implies that the Federal debt will double in 12 years. What is even more ludicrous: This projection does not assume any recessions or the scenario …