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 economy slowing dramatically and corporate profits declining, revenues will decline …
https://twitter.com/OccupyWisdom/status/1112787619300216833
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. Trump’s Current Account and Trade Deficit Problem in One Picture …
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? (12 minutes)
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 this gap widened in spite of “$250 billion in trade tariffs” …
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 the economy this year. One of those was the government …
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 world hit a brand new record high in 2018, and …
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 spending. The budget gap widened 77 percent compared with the …
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 U.S. and China, and a White House effort to narrow …
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 the previous year. The Treasury Department said Wednesday that the …
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 to the Congressional Budget Office (CBO), though the figure was …
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. single-family homes tumbled to a more than 2-1/2-year low in October …
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 going into the 2019-2020 seasons. According to the Canadian government, …
https://www.youtube.com/watch?v=u31PZU3SRWI 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 Treasury Statement released Tuesday. Read More/Source/Credit/FairUse: https://www.cnsnews.com/news/article/… …
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 boost long-term economic growth, according to the Congressional Budget Office. …
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 “small government” despite it being anything but. The same thing …
https://www.youtube.com/watch?v=-Ln4NcLzI84 Joseph Lawler for the Washington Examiner reports, The federal budget deficit rose to $779 billion for fiscal year 2018, the Treasury Department reported Monday, the largest government shortfall since 2012. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/po…
From Birch Gold Group In many ways, the current U.S. budget deficit represents uncharted territory. Investopedia defines a budget deficit when “expenses exceed revenue and it is an indicator of financial health.” Referring to the U.S. they added “Accrued government deficits form the …
For those who care, here’s the video where he says this I think he’s absolutely right. Nothing gets more shit done than consequences. https://www.cnbc.com/id/43670783 Warren Buffett says he could fix the U.S. deficit problem very quickly. Here’s his not-entirely serious (but …
US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion The US’ spending problem is starting to become a major issue. According to the latest Monthly Treasury Statement, in June, the US collected $225BN in tax receipts – …
via Liz McCormick and Steve Matthews America’s worsening fiscal outlook and mounting government debt are hiding in plain sight, but that troubling mix may not get a pass from investors for much longer. President Donald Trump’s tax cuts and new federal spending have …
Deficit Projected to Top $1 Trillion Starting Next Year WASHINGTON—The Trump administration expects annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next three years, pushing the federal deficit above $1 trillion starting …
$152,237,500,000: Merchandise Trade Deficit With China Hit Record Through May (CNSNews.com) – The U.S. merchandise trade deficit with China set a record through May, hitting $152,237,500,000 for the first five months of 2018, according to data released Friday by the Census …
This is EXACTLY our long-standing pt. In 3q14, foreign CB’s stopped sterilizing US deficits, which meant US deficits “mattered” for the 1st time in 70 yrs. US govt eff forced domestic investors to fund it via ACA, Bank HQLA, MMF …
Bernanke saw no risk to the economy of: . $13 trillion deficit . $4.7T Fed QE bubble . $1.5T increase in taxes . Stagnating real wages . Productivity growth and labor participation rate at 1978 levels. …But is worried about …
$119,050,900,000: Merchandise Trade Deficit With China Hit Record Through April (CNSNews.com) – The U.S. merchandise trade deficit with China set a record through April, hitting $119,050,900,000 for the first four months of 2018, according to data released today by the Census …
by Martin Armstrong Healthcare costs have been exploding even in Germany. The revisions in healthcare of about two years ago did expand the coverage, but the expanded costs were completely unexpected. That means Germany is also looking to now raise taxes to cover the higher costs due to …
Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news in Canadian debt. Recently, Canadian budget watchdogs announced that the Liberal Party is unable to account for $2.5 billion. $8 billion was supposed to be …
by Simon Black Yesterday the US government’s own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam’s finances– and what the future holds. According to the CBO, the federal government’s spending habits are in such …
via Mark DeCambre There is one easy way for the U.S. to resolve a growing trade deficit—and perhaps a brewing tariff conflict—with China that is at the heart of a clash between the world’s biggest superpowers over import duties. Goldman Sachs …