NASA will receive $25.4 billion in fiscal year (FY) 2023. This is roughly $1.3 billion more than NASA received in 2022, an increase of 5.6%. High inflation and growing labor costs will mitigate the purchasing power of this increase. The …
by confoundedinterest17 The phrase “crossing the Rubicon” is an idiom that means that one is passing a point of no return. Its meaning comes from allusion to the crossing of the river Rubicon by Julius Caesar in early January 49 BC. Indeed, the US crossed the …
THERE'S A MASSIVE FISCAL TIGHTENING UNDERWAY These days all the focus is on the Fed's monetary moves. But people should also be looking at what's happening on the fiscal side, where an extremely rapid tightening is underway From the @markets …
The U.S. Treasury has published a major report revealing that the federal government has amassed $124.1 trillion in debts, liabilities, and unfunded obligations. To place this shortfall in perspective, it equates to: $955,407 for every household in the U.S. 29 times annual federal revenues. …
A joke in 1978 is fiscal policy today pic.twitter.com/WALIgGpHH1 — America's Nomad Nero Festive Edition (@Adventure_Nero) April 3, 2022 h/t Jim Quinn
*Via the recent Chicago Fed NFCI (Aka liquidity index), US liquidity is drying up very quickly Note that >0 = tighter(vice versa) 2/3 major sub-indexes (credit + risk) have tightened sharply lately amid Fed taper + tightening Thus an illiquidity …
via Michael Pento: According to Doug Ramsey of the Leuthold Group, 334 companies trading on the New York Stock Exchange recently hit a 52-week low, more than double the amount that marked new one-year highs. That’s happened only three other …
https://twitter.com/edwardnh/status/1478355470800859137 With the Democrats struggling to pass another stimulus bill, and the Fed beginning to “taper” their bond purchases, liquidity will reverse next year. The annual rate of change in the S&P 500 compared to our “measure of liquidity”, suggests …
For all the speculation about the upcoming taper, which we now know will start in November at a pace of $15bn per month and conclude by July… the main event this fall, if not this year, may be on the …
By Michael Lebowitz What a Miami Stripper and Fiscal Elephant Have In Common “Banks have conditioned us to trust them, and what have we got from that?” – Mark Baum (Steve Carell)- The Big Short. In his book and movie, …
from Kerry Lutz’s Financial Survival Network Michael Pento is back… The Fed’s efforts to create inflation have succeeded beyond their wildest expectations. They’ve created $4 trillion and their balance sheet is $8 trillion. We had tremendous amounts of helicopter money raising stock …
President Trump approved $900 billion in stimulus spending in December and President Biden approved another $1.9 trillion in March. Biden is set to propose a further $3 trillion on infrastructure, and Majority Leader Chuck Schumer is exploring ways to bend Senate rules to …
via @staunovo: IMF’s latest fiscal break even oil prices: -Saudi Arabia USD 85/bbl -U.A.E. USD 65/bbl -Iraq USD 64/bbl -Kuwait USD 49/bbl -Iran USD 126/bbl
by Shaun Richards As we travel the journey that is the credit crunch era we pick up some tasty morsels of knowledge along the way. Some were provided by Mario Draghi and the European Central Bank yesterday which announced this. …
by WARREN MOSLER It will take another few months to know if this is just ‘noise’ or it’s about to go negative. If you average the last two months, for example, it’s about 165,000 each: Highlights Averaging extremes is good …
by The_Great_Flux Yeah no derp, and they caused it. 0% rates for 8 years under Obama, then suddenly the jack up the rate 6 times in a row once Trump is in. Like literally creating the conditions for a stock …
by John Rubino David Stockman: Central banks have created a “fiscal doomsday machine” … McAlvany on “the central bank gold rush” … Rick Rule: Palladium has “tremendous sp;
Reagan White House Budget Director and best-selling author David Stockman says, “Yields are going to go up, and we are going to have a day of reckoning in terms of this whole massive artificial structure of debt that’s been created. …
via aier.org: In fiscal year 2018, $137 billion was paid “improperly” by the federal government, according to arecent report. That number sums all the improper payments by what the government calls high-priority programs. They are programs with improper-payments estimates exceeding $2 …
There was a time when European governments couldn’t utter a fiscal policy statement without mentioning the word “austerity.” Now, the concept seems to have all but disappeared from public discourse. Is the era of austerity finally over, and did austerity …
NEW YORK (Reuters) – U.S. state spending topped $2 trillion for the first time in fiscal 2018, with Medicaid expenditures rising the most along with a significant increase in transportation spending, according to a report released on Thursday. Total expenditures …
Authored by David Stockman via The Economic Policy Journal, Earlier this year the Donald provoked a bleep-hole moment per the Fox “family channel” or what was otherwise known as the shit-hole moment across the rest of the MSM. But whatever …
by TheMacroEvent Apple reports Q4 earnings on Thursday, November 1st, after the bell. Here are a few things to watch for: 1. iPhones? iPhones iPhones are it. They are the brain of Apple, making everything else go. iPads? Macs? Accessories? …
Josh Sigurdson talks with author and economic analyst John Sneisen about recent news out of the Federal Reserve as the Fed basically threatens to restrain growth. Jerome Powell, chairman of the Federal Reserve said that the Fed will raise interest …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But wait — these are the Boom Times! The US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018, the Treasury Department reported Monday afternoon. During the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I have to say, Fed Chairman Jerome Powell is a breath of fresh air when he talks, after the near-physical pain I experienced listening to his last three predecessors. I actually get what he is saying, …
by Mac Slavo of SHTFplan In a new research piece, Goldman Sachs has noted that the “fiscal outlook for both Italy and the United States looks poised to go from bad to worse.” However, the market doesn’t appear to be responding to that prediction. Why …
by Richard Rosso Autumn is the period of transition from summer to winter; a time of harvest. Use the season to breathe fresh perspective into your finances and prepare for a prosperous 2019. Here are the 8-steps to fiscal fitness. …
by Shaun Richards This morning has brought us a new adventure in the world of central bank Forward Guidance. The Executive Board has therefore decided to hold the repo rate unchanged at −0.50 per cent. If the economy develops as …
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 …