A hub for independent voices and hard truths
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 …
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 …
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 …
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 …
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, …
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, …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
