THE TREASURY DEPARTMENT has in recent months expanded its digital surveillance powers, contracts provided to The Intercept reveal, turning to the controversial firm Babel Street, whose critics say it helps federal investigators buy their way around the Fourth Amendment. Two …
by confoundedinterest17 Yes, the US economy has been greatly overstimulated by the Federal government (fiscal stimulus) and The Federal Reserve (monetary stimulus). This has caused inflation that we haven’t seen in a long time. How overstimulated in the economy? The REAL …
What exactly will this money go towards that would make any change in the climate? Hell, for much less money they could build massive machines to geoengineer the planet. But that is not where the money is going. Nope. It …
(Bloomberg) — The U.S. Treasury increased its estimate of federal borrowing needs for the three months through December after it ran down its stockpile of cash more than it previously anticipated. The Treasury’s projections, released in Washington Monday, come as …
by confoundedinterest17 Somewhere over the Alps, T-Sec Janet Yellen is fearmongering over a possible US debt default if Republicans don’t kowtow to Democrat’s desires to raise the debt ceiling. (Washington ComPost) — SOMEWHERE OVER THE ALPS — Treasury Secretary Janet Yellen …
https://twitter.com/ZachMottl/status/1453841024757997574
by Tom McClellan The 10-year T-Note is yielding 1.636% as of Oct. 20. The equivalent German bond is still at a negative yield of -0.119, although that yield is rapidly racing upward toward positive territory. These German bonds are referred …
by confoundedinterest17 I have no idea why Jack Dorsey tweeted “705742.” But I do know that Bitcoin hit 63,982.92 this morning as the US 10Y-3M curve has been steepening. Since the 3-month Treasury yield has been repressed to near zero, the …
Cryptocurrencies threaten the effectiveness of sanctions imposed by the US, the Treasury Department said. Treasury said “malign actors” can use digital assets to hide cross-border transactions. It also said the US government needs to modernize and adapt to the changing …
Victims of ransomware attacks paid hackers $590 million during the first six months of 2021, more than in all of 2020, according to an analysis of suspicious activity reports by the Treasury Department. The number and severity of ransomware attacks surged in …
Senate Democrats on Tuesday will unveil a scaled-back version of a Biden administration proposal to crack down on wealthy tax cheats after conservative groups and the bank industry raised major privacy concerns, three people with knowledge of the coming announcement …
by confoundedinterest17 The US Treasury yield curve has flattened to almost pre-Covid levels, signalling fear of inflation. And given our bottlenecked economy that The Fed and Federal government seem not to understand (or care), the flattening signals a wild ride …
How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%? The answer: producer inflation running even hotter. When producers can't pass inflation to consumers, deflation is coming. That's the bet Mr. Bond Market is …
h/t Its-Waves
by confoundedinterest17 As Congress debates their $3.5 trillion spend-a-thon and their human infrastructure bills, we need to bear in mind that while US Treasury debt is at $28.863 trillion (and growing really fast), the US has promised $157.738 TRILLION in unfunded benefits …
Authored by Joseph Lord via The Epoch Times, After a Tuesday meeting of the Democratic caucus, Speaker of the House Nancy Pelosi (D-Calif.) spent much of the press conference discussing the debt ceiling. As Republicans continue to block Democratic efforts to …
From the Department of Treasury (pasted in its entirety below): September 28, 2021 The Honorable Nancy Pelosi Speaker U.S. House of Representatives Washington, DC 20515 Dear Madam Speaker: I am writing to follow up on my previous letters regarding the debt limit …
by Its-Waves 🟥 – Is the largest value and Largest Positive Changes 🍌 – Is the smallest value and Largest Negative Changes 🐙 – Newest Data Date There are 4 columns so mobile users may need to scroll. Raw Data: https://fsapps.fiscal.treasury.gov/dts/issues …
Former Treasury Secretary Steven Mnuchin has just sent the clearest signal yet that he likely wouldn’t rejoin a potential second Trump Administration (despite being one of the more successful cabinet members) via reports that the ex-Goldmanite will raise $2.5 billion …
Former Treasury Department official Natalie “May” Edwards said she is a whistleblower who sent suspicious activity reports to BuzzFeed News after trying in vain to work through lawful channels. Her actions became the basis for the global FinCEN Files investigation. …
by Chris Black America is making an Olympic gold medal effort to outdo Weimar, Rome, & the Soviet Union in one fell swoop. Great job to all involved. Here we go again, 10 years later. I still remember the 2011 …
Seven New Rules Over 90% of the rent assistance money allocated to prevent evictions and halt evictions is still unused. Meanwhile evictions remain halted in many states while landlords go unpaid. Today the Treasury Department announced Seven New Policies to Encourage …
by confoundedinterest17 U.S. 10-year yields are spiking upwards in what was supposed to be a sleepy day before the Fed’s Jackson Hole conference. The 2s10s curve is the steepest in two weeks. Eurodollar yields too have risen sharply and are up …
by confoundedinterest17 Headline! “Fed’s Kaplan says delta variant could cause him to rethink his tapering view” Face it, the Federal Reserve may alter its growth path on asset purchases of Treasuries and Agency Mortgage-backed Securities, but it is doubtful that they …
The world’s largest pension fund (in Japan) announced in the last 24 hours that it is selling over 34% of its US Treasuries. World’s biggest pension fund makes record cut to U.S. bond weighting https://www.japantimes.co.jp/news/202…
by confoundedinterest17 C’mon, Congress will have to approve a massive increase in the US Statutory Debt Limit. But CNBC has the tantalizing “Doom Porn” headline: “Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline.” The Treasury Department will begin conducting …
by confoundedinterest17 As fears of the Covid Delta Variant sink in, we are seeing a flight to quality. The 10Y-3M Treasury curve slope is declining. But the US Treasury actives curve remains upward sloping as does the on/off the run …
There was a remarkable statistic in the latest Flow Show report from BofA’s Michael Hartnett: according to the CIO’s calculations, “the Fed is spending $336 million every 60 minutes buying bonds, while the US federal government is spending $875 million every hour …
by confoundedinterest17 Its just another Manic Monday in both bond and equity markets. (Bloomberg) — Surging Treasuries drove the yield on the 10-year note below 1.2% for the first time since February as coronavirus concerns weighed on the prospects for the global economy …
by HTHID From the U.S. Treasury Department: It’s Child Tax Credit Awareness Day! Watch Secretary Janet Yellen break down what you and your family can expect with new monthly payments of the credit starting July 15th. Find more information at http://ChildTaxCredit.gov …