US trade deficit rises to near 9½-year high The Commerce Department said the trade gap rose 1.6 percent to $57.6 billion. That was the highest level since October 2008. Part of the rise in the trade deficit in February reflected …
This study shows that since 2008 and the great Recession the economy didn’t grow at all if you deduct the injection of debt financed deficit spending. Here is a chart of GDP minus deficit spending: This is sort of like …
by Dylan Scott, NEE Trump Asks China To Reduce Their Trade Deficit And Stop Intellectual Property Theft This week, the President slapped tariffs on steel and aluminum imports to enhance domestic steel production, to the dismay of liberal economists and journalists who …
Trade deficit jumps 5% to $56.6 billion as Trump readies steel tariff via Jeffry Bartash The numbers: The U.S. trade deficit climbed 5% in January and hit a nearly 10-year high, continuing a steady rise since President Trump took over that …
via Greg Hunter Are the Trump tax cuts going to help the economy or hurt it? The answer is both. Economist John Williams explains, “The tax cuts are generally positive. Anytime you cut taxes that is generally a plus for the …
Are the Trump tax cuts going to help the economy or hurt it? The answer is both. Economist John Williams explains, “The tax cuts are generally positive. Anytime you cut taxes that is generally a plus for the economy. The …
via KEVIN DRUM The Treasury Department is going to be borrowing a lot of money this quarter: No worries. At least the rich are getting richer and schoolteachers are getting an extra $1.50 per week: https://twitter.com/imillhiser/status/959865653514686465
Amid the worldwide move into cryptos and the continuing interest in peak stocks, the global demand for tangible base metals like Zinc is only growing – while at the exact same time global inventories dwindle. In fact the PHYSICAL Zinc …
BY SRSROCCO The U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was …
Greenspan: Tax overhaul will do ‘very little’ for growth; inflation is biggest danger Former Fed Chair Alan Greenspan said the Republican-sponsored tax overhaul plan will do “very little” for economic growth. Instead, he said in an interview with CNBC that …
By Michael Snyder It should upset you that virtually everything stocking the shelves of our major retailers seems to have been made somewhere else. As a nation, we are consuming far more wealth than we are producing, and that is …
Josh Sigurdson talks with author and economic analyst John Sneisen about the Canadian Federal Deficit which has reached $5.9 billion half way through the fiscal year. As John goes into, Canada’s private debt to GDP has reached 266.89% in 2016 …
The White House Budget Office says the budget deficit is going to be larger than expected this year by $99 billion. The Office of Management and Budget points to worsening tax revenues to explain why its forecast two months ago …
by Umar Farooq A trade deficit occurs when an economy imports more than it exports. If this persists, it will eventually cause a shift in the exchange rate, making imports more expensive and–crucially–exports cheaper as the “invisible hand” of the …
Feds Collect Record Income and Payroll Taxes Through March–Still Run $526,855,000,000 Deficit The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end …
by Victor Mozambigue The US trade deficit has now reached dangerously high levels. Hitting the ceiling again after 2012, the deficit rose to $502 billion in 2016. While a handful of economists believe it is not a problem for the economy, …