spending Archives - Page 14 of 14 - Citizen Watch Report

Inflation Alert! The Reserve Bank of New Zealand’s Monetary Policy Review July: The Official Cash Rate (OCR) held at 5.5%. Employment above sustainable level, Consumer spending slows. Could this be the start of other central banks pausing this time as the Fed take the lead with the July rate hike?

July 12, 2023 9:45 am

by Dismal-Jellyfish https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. The RBNZ expects the OCR to remain at this level for a while to ensure inflation returns to the target range …

Consumer Spending Apocalypse 2023: 2200+ Retail Closures & Untold Number Of Restaurant Closures

July 7, 2023 9:44 am

More than 2,200 stores are closing across the US in 2023. Here’s the full list: It’s not exactly the retail apocalypse of prior years, but it’s a shakeup nonetheless. An Insider tally of announcements by major retailers in 2023 finds as many as 2,280 stores set to close across the US. The rationales are varied: …

Crazy spending causes inflation issues.

July 5, 2023 9:53 pm

The Biden Admin Is Scrambling To Spend $27 Billion ‘Slush Fund’ Before Congress Claws It Back President Joe Biden’s Environmental Protection Agency (EPA) is making plans to rapidly invest billions of dollars in green energy and technology projects before the money must be returned to Congress in just over a year, The Washington Post reported …

Consumers down to $533bn excess savings and still spending like rates are zero… ‘Don’t see a Recession? It’s Last Call at the bar’

July 3, 2023 9:32 am

“The smart people have already paid the tab and gone home The remainder will wake up tomorrow with regrets” Don’t see a Recession? It’s Last Call at the bar The smart people have already paid the tab and gone home The remainder will wake up tomorrow with regrets https://t.co/jn65YPXxhk — Amy Nixon (@texasrunnerDFW) July 2, …

Redditor has “fully taken advantage” of spending money where they wanted during the payment pause, but they now need the taxpayer to pay for their student loans

July 2, 2023 9:28 pm

Poor baby. I paid my student loans, you pay yours. I’m not inclined to pay mine and then pay your too. h/t Mitchisboss

The Core! US PCE Core Deflator Remains High At 4.6%, Spending Slows (Taylor Rule Suggests Fed Funds Target Rate Of 10%, Halfway To Target!!)

June 30, 2023 3:08 pm

by confoundedinterest17 The film “The Core” was a silly film, but core inflation in the US is a serious problem for the middle class and low-wage workers. It remains elevated despite Treasury Secretary Janet “The Marxist Gnome” Yellen saying it was “transitory.” Looks pretty permanent to me! The Federal Reserve’s preferred measures of US inflation …

Government reports low inflation to justify high asset prices and politicians’ spending.

June 26, 2023 9:58 am

I love this ratio (old definition/new definition), specially the rate at which it has been increasing since 2021…👇 https://t.co/pXs2htkAra — Alvaro (@Alvaro128929138) June 25, 2023 Can you spot a difference between the two boxes? Identical in size and price of $7.49. One was bought two weeks ago, and the other today 🚨🚨🚨 by u/BoatSurfer600 in …

Australian bank alters withdrawal and spending limits for debit card customers.

June 25, 2023 9:52 pm

via dailyhodl: One of the biggest banks in Australia is making significant changes to the amount of cash customers can withdraw and how much they are allowed to spend using their debit cards. Westpac is reportedly restricting the amount of cash that customers can pull out of ATMs to $1,000 AUD per day, which is …

$15.7 Billion per month will be removed from the economy as student loan payments resume in October (taking away from discretionary spending

June 22, 2023 8:31 am

by TonyLiberty It is no surprise that student loan debt in the United States has reached such a high level. With the cost of college tuition continuing to rise, more and more students are taking out loans to pay for their education. This problem is only compounded by the fact that many graduates are struggling …

Unsustainable debt: Interest on the debt was $61 billion in May, more than the combined spending on veterans benefits, education, and transportation

June 16, 2023 3:23 pmJune 15, 2023 6:29 pm

Interest costs are a quarter of the deficit, leading to unsustainable debt. Latest US Treasury data show we're on unsustainable path: interest on the debt was a whopping $61 billion in May, more than was spent on veterans benefits and services, education, and transportation COMBINED; interest costs were a quarter of the deficit last month: …

Recession cancelled. People are still spending money like it grows on trees

June 11, 2023 9:47 pm

by 36Taylor36 I live in western ny and just visited my sister camping in a rural poor area and its $75 a day to camp there (normal price is like $45) and the sites were packed almost full. People somehow still have money when we have had inflation for 2 years. I don’t get it, …

Welcome To The United Banana Republics Of America! US Debt At $31.8 TRILLION And Growing Fast, Unfunded Liabiliities At $188 TRILLION, Personal Taxes Will Be Rising To Pay For This Outrageous Spending Splurge

June 11, 2023 5:23 pmJune 10, 2023 7:25 pm

by confoundedinterest17 Nicolas Maduro of Venezuela must be envious of Joe Biden. I don’t think even Maduro has the stones to have his politiical opponent charged with espionage in the run-up to a Presidential election. Particularly when the US President has been bribed by China and Ukraine and has similiar sensitive document hoarding issues (at least Trump …

Germany falls into RECESSION amid high energy prices and drop in consumer spending

June 3, 2023 12:22 pm

via naturalnews: Germany, home to Europe’s biggest economy, has now fallen into a recession as consumer spending drops in the wake of higher energy prices. During the first quarter of the year, the company’s GDP dropped by 0.3 percent, following a contraction of 0.5 percent during the last quarter of 2022. This meant Germany met …

Warning: the Debt “Deal” Opens the Door to Unlimited Spending

June 1, 2023 5:21 pm

by Phoenix Capital Research It’s worse than I imagined. I had initially thought that the current debt ceiling deal would feature a small amount of spending cuts in 2024. In reality, it will feature NO CUTS and will in fact open the door to as much spending as the Biden Whitehouse desires. How is this possible? A single line in the …

Biden’s Economy! ISM Manufacturing In May Falls To 46.9, 7th Straight Month Of Contraction (McCarthy Surrenders To Biden And Allows 2 Years Of Uncontrolled Spending And Debt)

June 1, 2023 4:22 pm

by confoundedinterest17 Another day under Biden/Yellen. Last night, “Republicans” joined Democrats to allow unlimited Federal spending and debt for the next two years. Way to go “Benedict McCarthy”! But today, we saw that ISM Manufacturing printed at 46.9 for May, the 7th consecutive month of contraction. Meanwhile, the Biden family twists the night away while Americans are ravished by inflation caused by bad …