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Tag Archives: budget deficit
Unintended Consequences of Monetary Inflation
UNINTENDED CONSEQUENCES OF MONETARY INFLATION “In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that, to fund the US Government’s rocketing budget deficits, fund the maintenance of domestic consumption directly or indirectly through the US Treasury, while pumping up financial markets […]
America’s “Debt Crisis Is Coming Soon”
America’s “Debt Crisis Is Coming Soon” – America’s “debt crisis is coming soon” warns economist Martin Feldstein– To avoid economic distress, the government has to reduce future entitlement spending– The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt According to the Congressional Budget Office, […]
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed
Salvini Threatens To Collapse Italy’s Government If Deficit Target Is Changed Italy’s Deputy Prime Minister Matteo Salvini escalated the ongoing standoff between the EU and Italy, saying he would bring down the government if the coalition’s budget deficit target was changed. The remarks by Salvini, Italy’s de facto leader who has been enjoying a steady climb […]
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 […]
US Spending On Interest Hits All Time High As Budget Deficit In Trump’s First Year Soars To $779 Billion
US Spending On Interest Hits All Time High As Budget Deficit In Trump’s First Year Soars To $779 Billion One month ago we already knew that the U.S. budget deficit for the 2018 fiscal year – Trump’s first full year in office – would be jarring after the August deficit soared to $211 billion, nearly […]
Italian Stocks Crash Most In 2 Years, Bond Yields Soar Amid Budget Deficit Liquidation Panic
Italian Stocks Crash Most In 2 Years, Bond Yields Soar Amid Budget Deficit Liquidation Panic After yesterday’s last minute decision by Italy’s ruling coalition to boost the country’s 2019 deficit to 2.4% of GDP, a number that challenged Brussels and its demands for a deficit no greater than 2.0% and made a mockery of the […]
America The Insolvent
Satansgoalie America The Insolvent A reckoning is due. One the elites are already readying for. Watching the world these days, I’m experiencing the same fury that rises up from my gut when the driver in the car ahead me is weaving drunkenly, endangering everyone on the road. Fury is a normal and rational human response […]
Rising Debt + Rising Rates
Rising Debt + Rising Rates Have they all lost their collective minds? Look I get that some people are leaning Democrat versus Republican and vice versa and that’s fine, but what exactly are voters getting? If, on the one hand, you think Democrats tax and spend too much you get Republicans on the other hand […]
The Mystery Of Saudi Treasury Holdings Solved: US Reveals Saudi Holdings For The First Time
The Mystery Of Saudi Treasury Holdings Solved: US Reveals Saudi Holdings For The First Time In the aftermath of Saudi Arabia’s explicit threat to sell off US Treasurys (of which according to the NYT it had some $750 billion) should the US pursue legislation that could hold it liable for the September 11 bombings, Wall Street’s analysts quickly tried […]
Former IMF Chief Economist Admits Japan’s “Endgame” Scenario Is Now In Play
Former IMF Chief Economist Admits Japan’s “Endgame” Scenario Is Now In Play Back in October 2014, just after the BOJ drastically expanded its QE operation, we warned that the biggest risk facing the BOJ (and the ECB, and the Fed, and all other central banks actively soaking up securities from the open market) was a lack […]
Canada goes full Krugman. Finance minister jacks up borrowing and spending, confirms gold sale – Peter Diekmeyer
Canada goes full Krugman. Finance minister jacks up borrowing and spending, confirms gold sale – Peter Diekmeyer Bill Morneau took centre stage last week in the Canadian Parliament and didn’t disappoint. The new Liberal finance minister’s first budget jacked up program spending across the board, to be paid for by borrowing and, eventually, presumably, money […]
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen”
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen” In less than five months, Brazil is expected to host the Summer Olympics. If you follow LatAm politics, you know that that is an absolute joke. Last summer, the country descended into political turmoil and the […]
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion On Tuesday, embattled Brazilian President Dilma Rousseff was dealt a bitter blow when PMDB – the party of VP Michel Temer and House Speaker Eduardo Cunha – officially left the coalition government. “Dialogue, I regret to say, has been exhausted,” Tourism […]
Remember the people involved
Remember the people involved When I was in University, I vividly remember one of my economics professors telling students to always remember the people involved when analyzing a policy change. I was reminded of this sage advice upon reading Matthew McCaffery’s Mises Daily article titled, “Who will pay for it?” is the wrong question to ask […]
Why Tomorrow’s “Secret” Meeting Between Russian, Saudi Oil Ministers Will Not Lead To A Cut In Production
Why Tomorrow’s “Secret” Meeting Between Russian, Saudi Oil Ministers Will Not Lead To A Cut In Production For the past two weeks recurring flashing red headlines of an agreement, or at least a meeting, between Russia and Saudi Arabia – the world’s two largest oil producers – have led to aggressive short-covering rallies in oil […]
