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 …
Skyrocketing rates make homeownership impossible for most Americans, with $124,150 needed to afford the median home—far above the $79,223 median household income. As of January, "qualified income" needed to afford median home in U.S. was $124,150, but U.S. median household income was $79,223 … makes for a $44,927 affordability gap per @AtlantaFed data@DataArbor pic.twitter.com/hLA3s23L1o — …
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 federal debt has fallen $77 billion over the last 2 days, but only b/c Treasury has simultaneously drained $104 billion from its cash account; sure seems like Yellen is trying to set up her replacement at Treasury for failure – a short 🧵 pic.twitter.com/NF7hbz35zj — E.J. Antoni, Ph.D. (@RealEJAntoni) December 30, 2024 Leaving a …
BREAKING: Total US public debt hits a record $36.17 TRILLION, up $1 trillion over the last 105 days. US federal debt has risen by an average of $9.5 billion per day over the last 105 days. At the current pace, total US debt would hit $40 trillion for the first time in history by February …
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 …
By Martin Armstrong I reported how the US deficit reached the third-highest on record after surpassing $1.83 trillion. Instead of questioning why the deficit rose 8% in a single year, the government believes that the taxpayers should simply pay MORE into the failing system. Treasury Secretary Janet Yellen declared that she is not concerned about the widening …
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 …
By Martin Armstrong Treasury Secretary Janet Yellen once again is once again gas lighting the public to believe that the Biden Administration has inflation under control. When questioned about the rising prices at grocery stores, Yellen denied that prices have soared astronomically. “I think largely it reflects cost increases, including labor cost increases that grocery …
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
via Daniel Lacalle The long-term forecast for higher interest rates, according to Treasury Secretary Janet Yellen, makes it more difficult to control US borrowing needs, which emphasizes the significance of raising revenue in the forthcoming budget talks with Republican lawmakers. There is only one problem. She is wrong. According to the Congressional Budget Office (CBO) baseline, which does …
If the Fed tries this in September when inflation is not controlled I hope the bond market shoves it up their *ss and takes the 10 year yield up to 7% As a reminder, the Fed only controls short term rates. All borrowing is based on the 10 year yield. Go ahead and try it …
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 …
Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary. “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or months …
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 …
By Martin Armstrong Russian assets frozen by the West have been sitting idle for three years. US Treasury Secretary Janet Yellen is urging the G20 to liquidate nearly $300 billion in stolen assets and send it to Ukraine. “It is necessary and urgent for our coalition to find a way to unlock the value of …
Yellen: we don't have to get prices down because wages are going up — unusual_whales (@unusual_whales) February 8, 2024 Drewry’s World Container Index dropped by 1% to $3,786 per 40ft container this week (everyone seems focused on this) That said…if you are in the US …this should be your concern …rates are not dropping to …
by confoundedinterest17 Treasury Secretary Janet Yellen just admitted what the rest of Americans already knew: high prices are here to stay. Example? Food prices (CPI) are up over 20% under Inflation Joe while gasoline prices are up 38% under Clueless Joe. On the housing front, the Case-Shiller National Home Price Index is up 33.2% under …
Totally out of touch. Treasury Secretary Janet Yellen declared Friday the US economy had achieved a long-sought soft landing, a historically unusual event in which high inflation is tamed without significantly damaging the labor market. “What we’re seeing now I think we can describe as a soft landing, and my hope is that it will …
A reminder that an unprecedented $8.2T of Treasuries will be maturing in 2024. More importantly: If yields continue to fall, given the recent criticism for not issuing enough long-term Treasuries at historically low interest rates, Janet Yellen might face significant political… pic.twitter.com/eudnTHfYTi — Otavio (Tavi) Costa (@TaviCosta) December 31, 2023 Currencies are the heartbeat of …
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
by confoundedinterest17 I had a wonderful time speaking at the Passive Investors Conference last night. One question I was asked was “Why doesn’t Powell (the current Fed Chair) pull “a Volcker” to cool inflation. She was referring to former Fed Chair Paul Volcker’s sudden raising of The Fed’s target rate which resulted in a cooling …
This is proof that she will say anything for a buck. h/t j_stars
https://twitter.com/NorthmanTrader/status/1706683773809471667 US New Home Sales Crashed In August https://t.co/a5z87RkW9M — zerohedge (@zerohedge) September 26, 2023 Sales of newly built homes reverse course, drop nearly 9% in August https://t.co/Lq2RTuNWjz @uscensusbureau — Diana Olick (@DianaOlick) September 26, 2023 Home prices in the US will fall 30%, per Jeremy Grantham. — unusual_whales (@unusual_whales) September 26, 2023 Imagine that. …
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 …
