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Wall St. For Main St., Released on 2/28/18 Jason Burack of Wall St for Main St interviewed returning guest, former Chief of Staff for Congressman Ron Paul and current President … Read more
Here Is Goldman’s Chart Showing Why The US Is Headed For “Banana Republic” Status. Earlier today we discussed a report by Goldman Sachs which, when summarized, suggested that unless something … Read more
www.youtube.com/watch?v=qc5eoeYIaTc The Numbers For Health Care Spending in 2017 Were Just Released and It’s Bad Folks! redstatewatcher.com/article.as… www.axios.com/health-care-spe… redstatewatcher.com/article.as… twitter.com/WiredSources/status/963892968234110976?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fredstatewatcher.com%2Farticle.asp%3Fid%3D117658
The US spends more on its national defense budget than China, Russia, Saudi Arabia, India, France, UK, Japan, and Germany combined.
by John W. Whitehead “Why throw money at defense when everything is falling down around us? Do we need to spend more money on our military (about $600 billion this year) than … Read more
by WARREN MOSLER This alone could add maybe 2% to nominal GDP. How much real output it adds is another question, of course: Trump signs massive spending deal into law and … Read more
By Michael Snyder Our national debt is rapidly approaching 21 trillion dollars, and yet Congress wants to follow up a large tax cut bill with a massive increase in federal … Read more
by WARREN MOSLER Even lower than expected as weakness continues: U.S. Light Vehicle Sales decline to 17.1 million annual rate in January By Bill McBride Feb 1, (calculated Risk) — Based … Read more
by WARREN MOSLER This is now a forecast for Friday’s payroll number, and note from the chart that it’s been diverging all year. Seems there’s some kind of error in their … Read more
by howmuch Now that tax reform has passed and Americans are about to see higher paychecks, Republicans in Congress are starting to talk about making changes to social welfare programs, specifically Medicare and Medicaid. … Read more
by WARREN MOSLER Seems to me this divergence has been stretched to the limit: And this chart from Daniele Della Bona shows how dipping into savings via borrowing adds to interest … Read more
People still don't get it. The only reason the economy "recovered" is that a rising dollar kept interest rates low and consumer prices in check, allowing America to go deeper … Read more
(CNSNews.com) – Federal spending for the fourth Monday in January set a record of $16,596,000,000 for that day in January even though the federal government was shut down, according to the … Read more
www.youtube.com/watch?v=x801SZrURmU The guy set out to prove Catherine Austin Fitts wrong, investigated, and it came out worse than she said. DOD, HUD www.usdebtclock.org/ AC
by WARREN MOSLER Prior month revised down, keeping the chart looking very weak for this ‘hard data’ release: Looks like the Saudis mean to keep a bit of upward pressure on … Read more
Credit-Card Payments SURGE Americans increasingly relied on credit cards to make payments in 2016, and made more of those payments remotely, according to new data the Federal Reserve released Thursday. … Read more