Is the US fiscal stimulus working?
by Shaun Richards One of the problems of economics is that reality rarely works out like theory. Indeed it is rather like the military dictum that tells us that a … Read more
fiscal
Earnings growth collapsed – basically all the fiscal injections and frontloading, or basically let’s call it a sugar high – is over
earnings growth collapsed – basically all the fiscal injections and frontloading, or basically let's call it a sugar high – is over – that's why trump admin has been begging … Read more
As The Fiscal Doomsday Machine Powers On, Impeach The Congress, Too!
By David Stockman On December 16 the gross Federal debt breached a new level to $23.1 trillion, while the net debt after $401 billion of cash weighed in at $22.71 trillion. The … Read more
Inflation Threat Looms in 2020 as Fiscal and Monetary Stimulus Ramp Up
by moneymetals The Federal Reserve left its benchmark interest rate unchanged as expected last week. However, Fed Chairman Jerome Powell made news with some of his most dovish remarks to date … Read more
Deficit spikes 12 percent in first two months of fiscal year
thehill.com/policy/finance/473755-deficit-spikes-12-percent-in-first-two-months-of-fiscal-year-cbo The U.S. government deficit rose by 12 percent in the first two months of the 2020 fiscal year, hitting $342 billion, according to new estimates from the Congressional Budget … Read more
Christine Lagarde trolls Germany and asks for more fiscal stimulus
by Shaun Richards This morning has seen the first set piece speech of the new ECB President Christine Lagarde and it would not be her without some empty rhetoric. The … Read more
CHART OF THE DAY: Oil prices have fallen below Saudi fiscal breakeven for 5 years in a row
US shale companies often use a narrowly defined metric that only includes the cost of drilling and production, leaving out all other costs (this runs anywhere from $40-$60 depending on … Read more
The UK has opened the fiscal taps and started a fiscal stimulus
by Shaun Richards The credit crunch era has seen some extraordinary changes in the establishment view of monetary policy. The latest is this from the Peterson Institute from earlier this … Read more
Can Monetary Or Fiscal Stimulus Turnaround The Next Recession?
Authored by Patrick Hill via RealInvestmentAdvice.com, A recession is emerging with interest rate curves inverted, the end of the business cycle at hand, world trade falling, and consumers and businesses beginning … Read more
Japan gets paid to issue debt and yet it has just tightened its fiscal policy!
by Shaun Richards Today I am looking east to the country which is hosting the rugby world cup and let me congratulate them on their victory over Ireland. But there … Read more
Stockman: We’re Heading into a Horrendous Fiscal Crisis in 2020
David Stockman appears on “Cavuto Coast to Coast” (Fox Business Network, Sept. 3, 2019)
US Gross National Debt Jumps by $1.2 Trillion in Fiscal 2019, to $22.7 Trillion, Hits 106.5% of GDP
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But what happens if there’s actually a recession? The US gross national debt jumped by $110 billion on the last two business days of Fiscal Year … Read more
While fiscal stimulus has been providing support for economy, its impact is ebbing
While fiscal stimulus has been providing support for economy, its impact is ebbing@MoodysAnalytics @SoberLook pic.twitter.com/aQlok5ut8q — Liz Ann Sonders (@LizAnnSonders) September 9, 2019 – DEUTSCHE BANK SAYS ITS ECONOMISTS ARE … Read more
Bloomberg: German Unemployment Jump Adds to Pressure for Fiscal Stimulus
www.bloomberg.com/news/articles/2019-08-29/german-unemployment-jump-adds-to-pressure-for-fiscal-stimulus?srnd=premium The number of people out of work increased by 4,000 to 2.29 million in August, the fourth straight month that joblessness failed to drop after six years of almost … Read more
PIMCO: Yields May Go Negative and Spur Much More Active Fiscal Response
Aug.07 — Joachim Fels, managing director and global economic adviser at Pacific Investment Management Co., discusses the outlook for U.S. Treasury yields with Bloomberg’s Joe Weisenthal, Romaine Bostick and Caroline … Read more
REVEALED: the EU plans to remove all free speech, but has no plans to deal with an econo-fiscal disaster
by John Ward The new EC President doesn’t start until November, but is already planning a Federal EU in which no opposition to directives will be tolerated. At the same time, … Read more