In a little notice piece in Politico we find out that the Trump Treasury Sec Manchin borrowed an extra $1 trillion last year in bonds knowing that either Trump or Biden would be looking to spend that money for the pandemic economic slowdown to get cooking again... This in fact … [Read more...] about The US Treasury is sitting on a pile of unspent money…
Federal Reserve
As the US Economy sags…Wall Street soars….
Why? Why are the rich people making TONS of money while other people live on a extra $600 dropped to maybe $400 a week in jobless benefits.... You know.... the Republican thing.... The S&P 500, an index that tracks the country's largest publicly traded companies, has … [Read more...] about As the US Economy sags…Wall Street soars….
US Banks increase their rainy day money reserves….
Figuring that right after Donald Trump leaves the stage? (Trump wants MORE tax cuts which would cut even MORE incoming revenue for Social Security and Medicare?) The same thing that greeted Joe Biden's boss President Obama? when Bush II left The US Economy landing in … [Read more...] about US Banks increase their rainy day money reserves….
The Federal Reserve warns about the Government’s red ink budget….
Hmmmm? Warning Congress? THAT ain't gonna work.... Donald Trump OWNS the US Senate... And he LOVES spending OTHER people's money .... His guys will follow him off a cliff no matter what right now... They HAVE lost their way.... And the nation's economy ain't … [Read more...] about The Federal Reserve warns about the Government’s red ink budget….
Stock Market rallies on possible interest rate cut….
Trump has been leaning on Fed Chair Powell to make the cut... While American and foreign economises are slowing.... Trump wants lower interest rates to keep the economy going.... Fed Chairman Jerome Powell, in prepared remarks for Congress, reaffirmed that the Federal … [Read more...] about Stock Market rallies on possible interest rate cut….
U.S. trade deficit headed for 10-year high after climbing 7% in June…
Donald Trump's trade war isn't helping things... U.S. exports fell 0.6% to $213.8 billion just a month after hitting a record high. The biggest drop was in new cars and trucks. Exports of drugs, jewelry and passenger planes also declined. Soybean exports surged again … [Read more...] about U.S. trade deficit headed for 10-year high after climbing 7% in June…
With the Fed move today…Interest rates are going up….
The Federal Reseve thinks the economy is doing good.... They worry about inflation...So they try to keep a handle on the economy.... Higher interest rates to the big guys mean higher interst rates for us consumers.... The Federal Reserve raised interest rates on Wednesday … [Read more...] about With the Fed move today…Interest rates are going up….