The crypto market had seen a bullish trend since the start of the year, but sustained major losses last week that are believed to have been driven by comments made by tech mogul Elon Musk on social media. The businessman …
By Egon von Greyerz “O Zeus, why is it you have given men clear ways of testing whether gold is counterfeit but, when it comes to fiat money, it carries no stamp of nature for distinguishing bad from good.” ― Euripides …
Last night, President Joe Biden tried to make the case for an extra $4.1 trillion in new spending on top of his $1.9 American Rescue Plan. Today, the Bureau of Economic Analysis delivered what might constitute a crushing blow to such ambitions, …
A new report found America’s national debt now exceeds $123 trillion. That’s four times the U.S. Treasury Department’s figure of $28 trillion. What does that mean in terms of taxpayer dollars? The $123 trillion figure means close to $800,000 per taxpayer, while …
Yet another reason kill off a whole bunch of people America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department …
BlackRock released their earnings report today, source: https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf Assets under management Q1 2020: $6,466,668 million Assets under management Q1 2021: $9,007,411 million Revenue Q1 2020: $3,710 million Revenue Q1 2021: $4,398 million Attributable Net income Q1 2020: …
In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. SOURCE: CONGRESSIONAL BUDGET OFFICE Between reduced …
President Joe Biden released his first budget request to Congress on Friday, asking for big spending increases for domestic spending programs and leftist causes. Biden’s budget requests a 16 percent increase in domestic spending from 2021, including a 41 percent increase for the Department …
by The Phoenix Here’s a jaw dropping statistic for you… If the Biden Administration’s Infrastructure Program is signed into law, the U.S. will have spent nearly $10 TRILLION in a single year. Yes, Trillion with a “T” This is: 1) Equal …
by: Clint Siegner Central bankers and their comrades in Washington DC changed course in 2020. The policy shifted from “print money and hand it to Wall Street” to “helicopter money” in the form of direct payments and loans to citizens. …
by confoundedinterest17 Financial markets are topsy-turfy after the Covid panademic struck. The Federal Reserve rode to the rescue and increased their balance sheet by $3.5 trillion in just 13 months (white line). While some would think that the US Treasury 10-year …
Lyn Alden with Jason Burack on Wall St for Main St Jason Burack of Wall St for Main St interviewed returning guest, top young analyst and global macro all star, Lyn Alden. https://www.lynalden.com/ Follow Lyn on Twitter here: https://twitter.com/LynAldenContact Lyn has a free email …
and then they will hire White Contractors to do the work… by the way $2.3 trillion dollars is exactly what the Pentagon lost back on September 10, 2001 Here’s Rumsfeld at a press conference explaining that the money went “missing” …
The White House said the tax hike, combined with measures designed to stop offshoring of profits, would fund the infrastructure plan within 15 years. The proposal would: Put $621 billion into transportation infrastructure such as bridges, roads, public transit, ports, airports and …
The Democrats are at it again. Another day, another trillion-dollar tax increase. This time it is the faltering former frontrunner, Joe Biden, pitching nearly $1 trillion in new corporate taxes over 10 years to pay for healthcare, climate change, and …
The 2021 reviews of the F-35 Joint Strike Fighter (JSF) are in, and they are not glowing. On Jan. 14, 2021, then-Acting Department of Defense (DOD) Secretary Christopher Miller labeled the JSF a “piece of [expletive].” Then, on March 5, …
After President Joe Biden just signed a $1,9 trillion “stimulus” bill it appears that a slight Democrat controlled CONgress is attempting to almost immediately follow that up with another $3 trillion infrastructure and health care bill. Biden Team Prepares …
https://www.lbc.co.uk/news/uk-borrowing-…-trillion/ “The total public sector debt is now £2.131 trillion, the ONS said. The £19.1bn figure is the most that the public sector has borrowed during any February since records began in 1993, according to figures from the Office for …
There were 1.9 trillion transactions in penny stocks last month, an increase of more than 2,000% from a year earlier. “The only relevant historical precedent seems to increasingly be the days before the Great Depression." via @MatthewPhillips https://t.co/fkR0m5mNO7 pic.twitter.com/lK6D0k2zTQ — …
U.S. companies now face the highest levels of debt on record — more than $10.5 trillion, according to the Federal Reserve and the Securities Industry and Financial Markets Association, or SIFMA. The coronavirus pandemic is only part of the story. The …
President Joe Biden just signed the $1,9 trillion spending bill after different versions passed both houses of CONgress.
By David Stockman Big Five Combined (billions): Q2 2007………$5,354 Q4 2018……….$20,652 CAGR…….12.5%/Year
By Tsvetana Paraskova Countries in the Middle East and North Africa (MENA) region have a total of US$1 trillion in committed and planned investments in the energy sector over the next five years as electricity demand grows and regional economies …
by Michael Snyder Are you ready to cough up $220,000 to pay your share? One of the reasons why a day of reckoning for the U.S. economy is inevitable is because we are in way too much debt. The 22 …
via mybudget360: Millennials continue to face the struggles of living in a world where they are deep in debt and the idea of buying a home is becoming more of a farfetched pipe dream. As recently as 2009 non-housing debt stood …
by Amy S. Since the last economic collapse and market crash, we have witnessed the greatest corporate debt binge in U.S. history. Corporate debt has more than doubled since then, and it is now sitting at a grand total of more …
via wallstreetonparade: Deutsche Bank Headquarters in Frankfurt, Germany On July 21, 2011, when the GAO released its audit of the Federal Reserve’s secret $16.1 trillion in bank loans during the financial crisis, a foreign bank ranked number 9 on the list of the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter There was strong appetite. Only the Fed shed them. Here’s who bought. Over the 12 months through February 2019, the US gross national debt ballooned by $1.26 trillion to $22.1 trillion. Someone had to buy this …
by Dr. Eowyn Although he had never worked at a productive job in his life, Bernie Sanders, 77, the Demonrat senator of Vermont who fancies himself an “independent” but actually identifies as an outright socialist, is that curious oxymoronic creature …
by confoundedinterest17 To listen to some talking heads, everything is beautiful. But according to the bond market, everything is not beautiful. In fact, there is concern about global economic growth and financial fragility. There is now $10 trillion in negative yielding bonds …