U.S. Discretionary Spending from Will Geary on Vimeo. Made with Processing: https://processing.org/ Data from the Office of Management and Budget: https://www.whitehouse.gov/omb/historical-tables/ (Table 8.8) h/t transitmapper
by WARREN MOSLER Highlights A solid rise in residential spending offset a mixed showing for non-housing components and made for a 0.1 percent July rise in overall construction spending to barely come within Econoday’s consensus range. Residential spending rose 0.6 percent …
IT GOES against everything we’ve been told about our “robust” economy, but the Australian dollar is about to take a massive hit. via News AU THE Australian dollar could drop as low as 40 US cents, relegating our economy to …
US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion The US’ spending problem is starting to become a major issue. According to the latest Monthly Treasury Statement, in June, the US collected $225BN in tax receipts – …
via abc.net.au: It’s been a few weeks since Donald Trump fired the opening salvo in a trade war with China, slapping tariffs on a range of Chinese-made goods. Beijing retaliated with tariffs of its own — and since then, the rhetoric …
via nextgov: A combination of factors will see federal agencies trying to spend as much as 40 percent of their budgets in the final two months of the fiscal year. A government spending spree of potentially historic proportions will play out …
Peter Schiff, Released on 7/31/18 ”We could say the government spend like drunken sailors, but that would be unfair to drunken sailors, because the sailors are spending their own money.” – Ronald Reagan JC
The national slowdown was particularly unkind to the province of BC. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: Canadian housing data continued to disappoint in the month of June. Albeit the year-over-year decline in home sales was not nearly as …
by Ron Paul According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is …
GOOD TIMES: What’s behind the government’s record income tax collection. According to the Treasury Department’s monthly statement, our government collected a record $1.305 trillion in individual income taxes through the first nine months of fiscal 2018. The figure, which goes up …
By Lance Gaitan Is the global trade war heating up, or has President Trump positioned America to make itself great again? Despite his bluster and penchant for causing angst among enemies and allies alike, Trump’s tactics seem to be working. …
via businesscycle: Stealth Slowdown Unfolding Wall Street is too optimistic on the economy, veteran forecaster warns from CNBC. As the chart shows, real personal income and consumer spending growth are both in cyclical downturns. Contrary to the notion of a “strengthening” economy, consumer spending …
by Thinker When there isn’t anyone counting the free tax dollars flowing in, its easy to see how the Pentagon has gone from $2.3 trillion to over $9 trillion U.S. tax dollars. Lost, can’t find, don’t know where it went? …
by John Rubino China’s growth over the past decade has been not just impressive, but historically unprecedented. No single country has ever added this many factories, roads, airports and entire new cities in so short at time. But the transformation …
by Daisy Luther, The Organic Prepper Are you convinced that you can’t prep unless you have a whole lot of money to spend? That couldn’t be further from the truth. There are all sorts of ways you can become better …
by WARREN MOSLER Last month revised a lot lower, and this month weak as well, as inflation-adjusted spending growth remains negative: Note from US Census: Notice: With this release, unadjusted data have been revised back to January 2016 and seasonally …
Interview with: Gerald Celente Gerald Celete: Why You Still Need Guns, Gold, and a Getaway Plan… https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-180622-WeeklyMarketWrap.mp3 DOWNLOAD MP3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up the …
Very interesting, and scary, to think that credit spending levels are higher now than they were before…… Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders (2006) is an independent feature-length documentary film and (2007) book that …
by Lance Roberts Over the weekend, I was digging through some old posts and ran across a speech given by Dr. Woody Brock in 2012. Dr. Brock, is an economist who holds 5-degrees in Math and Economics. He is also the …
The Ink Is Almost Dry on Italy’s 15% Flat Tax Rate Five Star, League parties near completion of government plan Leaders to meet president Mattarella on Monday afternoon Italian Populists Ask for More Time to Plot …
Last month marked a huge victory for man’s best friend and dog-loving Americans as President Trump signed a spending bill that finally defunds nearly all of the Department of Veterans Affairs’ (VA) cruel and wasteful canine experiments. Amid pressure from myself, …
via Mish A Fed study of consumer expectations projects a rise in spending but no overall economic improvement a year from now. I produced the headline chart in Excel from a data download of the Fed’s monthly Survey of Consumer Expectations. Spending …
https://www.youtube.com/watch?v=A1hSBYwAQdo Paul Bios for the Daily Wire reports, Celebrities and feminists shout like Chicken Littles the moment conservatives conjoin “defund” and “Planned Parenthood.” Abortion conglomerate Planned Parenthood receives a staggering half a billion dollars in taxpayer funds per year. Read …
One of the most conservative members of the House of Representatives, Rep. Thomas H. Massie (R.-Ky.) told One America News that the Omnibus spending bill that passed the House was nothing like the spending reforms that the Republican Party promised …
Shocking PBO report on Public Sector spending (Link to article below) https://ipolitics.ca/2018/03/19/pbo-u…
by WARREN MOSLER Worse than expected, weak, and decelerating: Highlights Construction spending has been soft, inching only 0.1 percent higher in February after posting no change in January but there are definitely signs of strength in the details. The most important …
by WARREN MOSLER Everything pretty much as expected, more comments via the charts: Highlights Inflation data are inching higher while softness in spending is offset by strength in wages. The core PCE price index managed only an as-expected 0.2 percent gain …
via Zero Hedge For the 26th straight month, US spending growth has exceeded income growth. Both income and spending were in line with expectations but the much-watched PCE Deflator was a little hot (+1.8% vs 1.7% exp) at its highest …
Why Are States So Strapped for Cash? There Are Two Big Reasons. “The proportion of state and local tax revenues dedicated to Medicaid and public pensions is the highest since the 1960s.” And of course there wasn’t even any Medicaid …
by Chris Black If the Blue Wave becomes a reality in November and the Republicans get massacred in the mid-terms, the reason for this will be Trump signing the gargantuan 1.3 billion dollars omnibus spending bill last Friday. By signing …