Home » Posts tagged 'us treasury' (Page 2)
Tag Archives: us treasury
SWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Direct Buyers
SWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Direct Buyers As reported last week, shortly after SWIFT caved to US pressure and defied the EU announcing it would cut off a selection of Iranian banks, on Monday, the US Treasury said the Iranian Central Bank has been officially cut off the […]
Treasury Announces Record Debt Sale In Upcoming Refunding Auction
Treasury Announces Record Debt Sale In Upcoming Refunding Auction Treasury Secretary Steven Mnuchin is about to surpass Timothy Geithner’s achievement of selling a record amount of notes and bonds as he seeks to finance America’s soaring budget deficit. According to the latest quarterly refunding statement, the US Treasury is about to sell a record amount […]
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now!
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now! Italy, on the Euro, has a currency that is 9% too high. Germany, on the Euro, has a currency that is 11% too low. There was much discussion yesterday about the US Treasury report that determined China was not a currency manipulator. […]
China Crashes As Flood Of Margin Calls Sparks “Liquidity Crisis”, Panic Selling
China Crashes As Flood Of Margin Calls Sparks “Liquidity Crisis”, Panic Selling The Treasury’s latest semiannual FX report may have spared China the designation of currency manipulator (for now… in a new twist, there was a section dedicated exclusively to China in the Executive Summary, a clear signal from the Treasury that China is the […]
Weekly Commentary: Portending an Interesting Q4
Weekly Commentary: Portending an Interesting Q4 “Those who do not learn history are doomed to repeat it.” I’ll add that those that learn the wrong lessons from Bubbles are doomed to face greater future peril. The ten-year anniversary of the financial crisis has generated interesting discussion, interviews and scores of articles. I can’t help but […]
Weekly Commentary: Portending an Interesting Q4
Weekly Commentary: Portending an Interesting Q4 “Those who do not learn history are doomed to repeat it.” I’ll add that those that learn the wrong lessons from Bubbles are doomed to face greater future peril. The ten-year anniversary of the financial crisis has generated interesting discussion, interviews and scores of articles. I can’t help but […]
Iran Sanctions Are Damaging The Dollar
Iran Sanctions Are Damaging The Dollar Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a […]
Think That Governments Won’t Default? Think Again
Think That Governments Won’t Default? Think Again The Congressional Budget Office (CBO) just reported that the U.S. budget deficit is widening in a ‘big way’. And what’s even worse – last month the net interest on public debt jumped 25% compared to last August. . . I wrote last January about the soaring cost of interest […]
Bernanke, Geithner and Paulson Still Don’t Have a Clue About the Financial Crisis
Bernanke, Geithner and Paulson Still Don’t Have a Clue About the Financial Crisis NYT readers were no doubt disturbed to see a column in which former Fed Reserve Board chair Ben Bernanke, Obama Treasury Secretary Timothy Geithner, and Bush Treasury Secretary Henry Paulson patted themselves on the back for their performance in the financial crisis. […]
US Debt Sales To Surge: Treasury Raises 2018 Borrowing Need To $1.33 Trillion
US Debt Sales To Surge: Treasury Raises 2018 Borrowing Need To $1.33 Trillion America’s funding needs are starting to grow at a dangerous pace. Even before the NYT reported of Trump’s startling suggestion of a further $100 billion tax cut in the form of an inflation-adjusted capital gains tax cost basis which mostly benefits the […]
Free Money Calculation: Fed Will Give $36.93 Billion of Taxpayer Money to Banks
Free Money Calculation: Fed Will Give $36.93 Billion of Taxpayer Money to Banks The Fed upped the interest it pays on excess reserves to 1.95% today. This is free money (taxpayer funded) to banks. The Fed bumped up the interest it pays on excess reserves today to 1.95%. Currently, excess reserves sit at $1.894 trillion. […]
There is Over $7.5 Trillion In Debt That’s Highly Vulnerable To Rising Rates – Here’s What To Expect
There is Over $7.5 Trillion In Debt That’s Highly Vulnerable To Rising Rates – Here’s What To Expect The 10-year interest rate hit the critical level of 3% this morning. And this is the highest level it’s been since 2014 – four years ago. . . A couple months back, I highlighted the correlation of […]
Iran Sanctions Will Help China’s Petro-Yuan
Iran Sanctions Will Help China’s Petro-Yuan In a few days, U.S. President Trump may try to re-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the move could contribute to a much broader global economic power shift from the U.S. to China. The connection between the […]
Abracadabra
Abracadabra And so, as they say in the horror movies, it begins…! The unwinding of the Federal Reserve’s balance sheet. Such an esoteric concept! Is there one in ten thousand of the millions of people who sit at desks all day long from sea to shining sea who have a clue how this works? Or […]
