Home » Posts tagged 'deficit'
Tag Archives: deficit
What About Prices?
What About Prices? Chapter 8 from my forthcoming book Rebuilding Economics from the Top Down Inflation, having been quiescent for decades, became a serious issue once more with the bout of inflation that occurred after the peak of the government reaction to the Covid crisis. Though it did not reach the 12-15% levels of the […]
Expect a Financial Crisis in Europe With France at the Epicenter
Expect a Financial Crisis in Europe With France at the Epicenter The EU never enforced its Growth and Stability Pact or Maastricht Treaty rules. The crisis is coming to a head with France and Italy in the spotlight. The first casualty will be Green policy. Image composite by Mish from the European Commission Compliance Tracker Compliance […]
Doug Casey on the Imminent Bankruptcy of the US Government
Doug Casey on the Imminent Bankruptcy of the US Government International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation. The US government’s budget is the biggest in the history of the world and is growing at an uncontrollable […]
Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion
Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion There was a shocking number in today’s latest monthly US Budget Deficit report. No, it wasn’t that US government outlays unexpectedly soared 15% to $646 billion in June, up almost $100 billion from a year ago… … while tax receipts slumped 9.2% from $461 billion […]
America’s Fiscal Follies Are Dangerously in the Red
AMERICA’S FISCAL FOLLIES ARE DANGEROUSLY IN THE RED The Congressional Budget Office has recently issued a federal “Budget Outlook Update” for the next ten years in the context of the government’s fiscal condition in the face of the coronavirus and Washington’s spending spree. The message: the deficit for fiscal year 2020 is huge, and the national debt […]
Book Review: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
BOOK REVIEW: THE DEFICIT MYTH: MODERN MONETARY THEORY AND THE BIRTH OF THE PEOPLE’S ECONOMY In January, the Congressional Budget Office (CBO) released its Budget and Economic outlook for 2020 to 2030. It is horrific reading. Federal budget deficits are projected to rise from $1.0 trillion this year to $1.3 trillion over the next 10 […]
Debts and Deficits are Out of Control
Debts and Deficits are Out of Control Understandably, the problems and politics of the moment dominate the news and attract the attention of most policy commentators and much of the public. Will there be another government shutdown, will House Democrats attempt to impeach the president, will interest rates remain low, and will there be a […]
U.S. Debt Worries Fed Chairman Powell – Fears May Be Confirmed in March
U.S. Debt Worries Fed Chairman Powell – Fears May Be Confirmed in March As we enter 2019, the U.S. national debt continues to grow, approaching $22 trillion with global Government debt sitting at $72 trillion. It seems like the 21st century is hitting the U.S. with a debt “haymaker,” according to CNBC (emphasis ours): U.S. debt began accelerating at […]
Trump Administration on Track for $1 Trillion Budget Deficit This Year
Trump Administration on Track for $1 Trillion Budget Deficit This Year The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” The government got off to a […]
The Economic Consequences Of Debt
The Economic Consequences Of Debt Not surprisingly, my recent article on “The Important Role Of Recessions” led to more than just a bit of debate on why “this time is different.” The running theme in the debate was that debt really isn’t an issue as long as our neighbors are willing to support continued fiscal largesse. As I […]
The Nation’s Fiscal Doomsday Machine is Now Unstoppable
The Nation’s Fiscal Doomsday Machine is Now Unstoppable Earlier this year the Donald provoked a bleep-hole moment per the Fox “family channel” or what was otherwise known as the shit-hole moment across the rest of the MSM. But whatever you called the contretemps spurred by the president’s crude utterance with regard to certain countries domiciled […]
Mike Maloney: “One Hell Of A Crisis”
Mike Maloney: “One Hell Of A Crisis” Crashing stocks, bonds, real estate & currency all at once? Mike Maloney, monetary historian and founder of GoldSilver.com, has just released two new chapters of his excellent Hidden Secrets Of Money video series. In producing the series, Maloney has reviewed several thousand years of monetary history and has […]
Soaring Deficits and Interest Costs Leave the U.S. Looking Very Fragile
Soaring Deficits and Interest Costs Leave the U.S. Looking Very Fragile If you take a step back and look at the macro picture of the U.S. economy – it resembles a huge, upside-down, glass pyramid. Constantly teetering back and forth – struggling with everything it has to keep from collapsing. And so far – it’s […]
Peter Schiff Explains “What Happens Next” In 47 Words
Peter Schiff Explains “What Happens Next” In 47 Words Outspoken critic of The Fed and one of the few that can see through the endless barrage of bullshit to how this really ends, has laid out in a tweet “what happens next”… Likely sequence of events: 1. Bear market; 2. Recession; 3. Deficits explode; 4. […]
The Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press Conference
The Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press Conference US is “on an unsustainable fiscal path, there’s no hiding from it.” I have to say, Fed Chairman Jerome Powell is a breath of fresh air when he talks, after the near-physical pain I experienced listening to his last three predecessors. I […]
