US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We Are Headed”

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Just add tax cuts and ballooning expenditures. The media chose to silence the report to death.   “If a tree fell in a forest and nobody heard it, did it really make a sound?” asks our … Read more

$500 Trillion in Derivatives “Remain an Important Asset Class”: Hilariously, the New York Fed

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Oh, and the unintended consequences of trying to regulate a monster. Economists at the New York Fed included this gem in their report on a two-day conference on “Derivatives and Regulatory Changes” since the Financial Crisis: … Read more