CBO projections show US Federal debt rising by $5.2 billion per day for the next 10 years. However, since the debt ceiling “crisis” came to an end, US debt has jumped by $30 billion per day. We have added roughly $1 trillion per month in US debt since then. Interest expense alone is on track …
The Looming Crisis: America’s Debt Challenge and the Need for Change Read More »
As someone who avidly reads newspapers, if you believe that a labor strike involving thousands of auto workers is just an isolated event, you are overlooking the bigger picture.It’s actually a much larger and more complex issue, deeply rooted in a structural inflationary context.Wage pressure primarily stems from the increased cost of living, and developed …
The cracks in the US labor market are becoming more and more evident.The rate of permanent job losses is currently escalating at its swiftest pace since the major economic downturns of the past 30 years, marking the sixth consecutive month of such increases.It’s worth noting that the current strength of the labor market has been …
Permanent job losses at fastest pace in 30 years Read More »
When Nixon shut down the gold window at the US Treasury, there was no longer anything supporting the US Dollar. This has lead to massive inflation over the past 52 years whereas income has not even remotely kept up. This has also enabled the US government to take on massive debt and out of control …
🌐”The recent developments within the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, have the potential to reshape the world’s economic landscape. While the American media has been preoccupied with domestic political matters, the BRICS group quietly welcomed six new members into its fold: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the …
Title: “BRICS Expansion and the Dollar’s Destiny: A Global Paradigm Shift Read More »
The US 50 year bond at 1.25% maturing 2050. First off, who bought that yield as I have a swamp to sell. Nonetheless it has declined over 50% and will likely decline more. This is what the beginning of banana republic bonds may look like for 30 yr, 10 yr. #QE #debt #FED
Title: Navigating Turbulent Waters: A Reflection on Current Economic Trends In the face of recent economic developments, it is crucial for us to remain vigilant and well-informed about the shifting landscape of financial markets. The past year has seen the US dollar currency index reaching a year-high, yet precious metals have continued their upward trajectory …
Navigating Turbulent Waters: A Reflection on Current Economic Trends Read More »
