Independent thinking for complex markets and current events
Treasury Secretary Scott Bessent struck the final five pennies on Wednesday — each bearing a rare omega mark — ending U.S. penny production and creating collectors’ items that could fetch millions at auction. The penny, first authorized under the Coinage Act of 1792, was recently discontinued due to rising production costs over the last decade. …
And rates marginally lower over that 4 week period! I was promised an apocalypse! pic.twitter.com/LI9S16eHje — Glen Evans (@Glen_Evans_01) April 25, 2025
An oil shock is coming. Yes, I know, deflation….blah…recession…blah…oils is plunging…blah blah. Gold & silver are heading for a huge bull era. I don't care about fairytale narratives. Oil will follow AFTER this drop. Way past $100 and, in all likelihood, past $200. https://t.co/gQM2gxLmhQ — Northstar (@NorthstarCharts) April 9, 2025 Something like this (priced in …
We keep hearing that "foreign countries are dumping US Treasurys" That's simply not true, in the aggregate, as this chart by @wolfofwolfst shows Sure, China is selling. And Japan isn't buying much But the rest of the world still is Don't rely headlines & do your homework pic.twitter.com/PJwzvXGmyN — Adam Taggart (@adamtaggart) September 25, 2024
The US Treasury grapples with dwindling cash reserves, teetering on the brink of a debt crisis as tax day’s boost fades into obscurity. With just $45 billion remaining before hitting the theoretical limit, the nation faces an imminent surge in national debt, signaling turbulent times ahead for the economy. April’s tax day influx of $250 …
The Treasury funds its deficits by borrowing more money, leading to a cycle of increasing debt. With interest payments reaching historic highs and set to climb further, concerns over the US Dollar’s stability are mounting. Investment management giant BlackRock issues a warning, advising investors to shift some cash reserves into bonds amid market volatility and …
by Virtual_Crow The RRP facility is used to take excess liquidity out of the system. Banks have a ton of extra deposits that they would loan out, and if there’s too little demand for loans they’d loan it at less than 5% (for short term loans). The Fed doesn’t want that because loaned deposits multiply …
The interest payments on the national debt alone used up 40% of all the money collected from individual income taxes in October. This means a significant portion of the taxes paid by individuals goes just towards paying the interest on the money the government has borrowed. The US Treasury is now spending almost twice as …