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This is when the Fed finally stops gaslighting you. The economy was NEVER doing well, and it's not helping Biden anymore to lie to you about it. So, better to admit defeat and start planning rate cuts to rescue the …
JAPAN 🇯🇵 Depression turns to Stagflation . Japans problems are about to worsen. pic.twitter.com/YcNMeO8YS8 — The Great Martis (@great_martis) June 2, 2024 Yen before BoJ blew $62 billion propping it: 157.74Yen one month later: 157.24 At this rate it'll only …
Rep Jodey Arrington criticizes Joe Biden’s budget proposal by alleging that it will lead to record levels of government spending, borrowing, and taxation, potentially exacerbating inflation, interest rates, and living costs for working families. It expresses concern that these policies …
A record $6.4 Trillion in money market funds and another $2.870 Trillion in Certificates of Deposit (CD) balances reported… Source: https://fred.stlouisfed.org/series/MMMFFAQ027S Certificate of deposit balances at US banks jumped by more than a trillion in 2023, with concentration reaching its highest …
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 …
by TonyLiberty There is $17 trillion of home equity sitting with U.S. homes, and Freddie Mac wants to offer second mortgages to tap into it. Tapping into home equity was a massive part of what fueled the banking crisis in …
by confoundedinterest17 Joe Biden could barely eat his dinner at the White House Correspondents’ Dinner. And we think he is calling the shots in The White House?? Oh well. Perhaps it is Treasury Secretary Janet Yellen or Klaus Schwab of the World …
by confoundedinterest17 The US debt and Federal spending is out of control. As is entitlement spending. In 2007, the U.S. national debt was below $10 trillion, and the budget deficit was about $160 billion. Federal spending was about $3 trillion, and interest …
Key points: The F-35 fighter jet program’s lifetime cost is estimated to exceed $2 trillion, up from a 2018 estimate of $1.7 trillion. Sustainment costs increased by 44% to $1.58 trillion over the program’s lifetime. The Pentagon extended the projected …
U.S. Banks ended fiscal 2023 with $192.46 Trillion in derivative notional on the books. Out of the 1,185 banks reporting, just four of them hold 87.4% ($168.26T) of these open contracts: JPM Chase, BofA, Goldman, & Citi 🏦 pic.twitter.com/61lqLghwPd — …
Since 2022, Meta (former Facebook) has added ~$1 trillion in market cap. Below you can see the forward P/E valuations (earnings are estimated by Wall Street) for the Magnificent Seven and their performance year to date. Despite an almost 30% …
US debt interest to surpass Social Security, hitting $1.6 trillion by 2024. With rate cuts off the table, it’s imperative to reduce government spending. The average interest rate on all debt held by the public was 2.5% in 2023. The …
TL:DR: The Federal Reserve bought Mortgage-Backed Securities (MBS) after the 2008 financial crisis. JPMorgan Chase was chosen to hold these MBS securities. JPMorgan Chase has been charged with multiple criminal activities related to MBS. Despite these charges, the New York …
Earlier this week, Xi spent nearly two hours on the phone with President Joe Biden, striking a markedly friendlier tone than before. This comes after November’s San Francisco summit, in which Xi promised all sorts of goodies to the US …
The US credit card debt has already reached $1.1 trillion in March, an all-time record. Moreover, even when adjusted for inflation this debt has hit a record, surpassing the 2020 levels. Are US consumers' finances seriously stretched? Full analysis below👇 …
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 …
The world’s largest, most-important financial market is growing by leaps and bounds. On Wall Street, that is making people nervous. Annual issuance of U.S. Treasurys has exploded, nearly doubling since the pandemic began. The government sold a record $23 trillion …
🇺🇸 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. …
Speaker Mike Johnson (R-LA) passed a massive $1.2 trillion government funding plan despite the objections of the majority of House Republicans, violating the Hastert Rule and crossing the Rubicon into dangerous territory for the future of his speakership. House Republicans …
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 …
The #NationalDebt just surpassed $34.5 trillion, up over $100 billion so far in March. At this rate the National Debt will rise $300 billion during the month. That's a annual pace of $3.6 trillion. Rising deficits will likely push the …
The U.S. national debt is rising by $1 trillion about every 100 days MON, MAR 4 2024 The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data …
In a move that could reshape the nation’s financial landscape, President Biden has revealed a budget proposal of unprecedented proportions, amounting to a staggering $7.3 trillion for the fiscal year 2025. This budget, while reflecting ambitious plans for tax increases …
by confoundedinterest17 In statistics we talk about “jump processes.” Like Federal government spending every time there is a financial crisis like the subprime crisis of 2008-2009 and the Covid lockdowns of 2020. Each crisis brought a jump in the level of spending …
The fusion of the stock market with the crypto market is now complete. Bitcoin is 90% correlated with Nvidia. It's a $4 trillion financial weapon of mass destruction. Sponsored by artificial intelligence. Which is now rampant. And also in computers. …
(Bloomberg) — There’s a subtext to this year’s blistering rally in US risk assets: When it comes to the dollar, there is no alternative. The greenback is just shy of the record it reached during the pandemic and on pace …
China’s financial sector needs to focus on supporting the real economy and must refrain from “fake financial innovation”, state media has proclaimed amid a tightening of regulations as Beijing seeks to flex its financial might. In what is widely believed …
This couldn’t happen without world banks. Under accounting principles, debts can never be greater than assets. If you borrowed money from someone, they had to have the money to lend, making the debt and asset cancel each other out to …
via Mike Shedlock: Fact check true: For the first time in history spending on interest will exceed spending on defense. Do We Spend More On Interest Than Defense? The Committee for a Responsible Federal budget did a Fact Check on that question. …