by John W. Whitehead “We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”—Herbert Hoover We’re not living
by Shaun Richards Today’s economic diary began early as we look East to India. The MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent. It
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
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
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
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
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
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
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.
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
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
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
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
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