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by Jim Quinn So the deficit is up $700 billion in the first six months, but the CBO is predicting a $900 billion deficit for the full year. With the … Read more
US 12 MONTH BUDGET DEFICIT VS GOLD $ PER OUNCE (INVERTED) Via @SeekingAlpha pic.twitter.com/zW8KdgJTUW — OCCUPY WISDOM (@OccupyWisdom) April 1, 2019
via mishtalk: Trump is on an impossible mission. Tariffs will not reduce the trade deficit and will likely make matters worse. To fully understand Trump’s trade dilemma, consider the following chart. … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ultimately, the issue is not China, Germany, Japan, or Mexico. The issue is much closer to home. And where are the efforts to tame it headed? … Read more
From Birch Gold Group The overall U.S. trade deficit ballooned to a record level of $59.8 billion by the end of 2018, reaching the largest deficit since October 2008. TradingEconomics.com explained that … Read more
by David Haggith In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against … Read more
by Michael Snyder The long-term trends that are gutting the U.S. economy continue to get even worse. As you will see below, our goods trade deficit with the rest of the … Read more
The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government … Read more
via CNBC: The U.S. trade deficit in goods rose 12.8 percent in December, according to an advanced estimate from the Census Bureau. The move comes amid trade hostilities between the … Read more
The federal budget deficit in December totaled $13.5 billion, helping to push the deficit for the first three months of this budget year up 41.8 percent from the same period … Read more
via thehill: The country’s budget deficit in the first two months of fiscal 2019, which began Oct. 1, was 50 percent higher than in the same period the previous year, according … Read more
by John Rubino Looks like we just hit an inflection point. So far this morning: U.S. new home sales drop to more than 2-1/2-year low (Reuters) – Sales of new U.S. … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the continued raising of Canada’s deficit spending as it climbs $2 billion from its projected rate to $19.6 billion … Read more
Terrence P. Jeffrey for CNS News reports, The federal government collected record total tax revenues of $252, BILLION in October, the first month of fiscal 2019, according to the Monthly … Read more
The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to … Read more
Josh Sigurdson talks with author and economic analyst John Sneisen about the constantly growing U.S. deficit as we see it skyrocket to $779B. Interestingly, it’s the perfect storm to blame … Read more