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Whose Bets are Getting Bailed Out by the Fed’s Repos & T-Bill Purchases?
Uncle Sam is spending money far faster than he's taking in. The US federal government ran the biggest budget deficit in seven years in fiscal 2019, according to the Treasury Department. And the spending is even worse than advertised.The $984 billion deficit amounts to 4.7 percent of GDP. That’s the highest percentage since 2012. It was the fourth consecutive year in which the deficit increased as a percentage of GDP. The debt-to-GDP ratio is estimated to have increased a hefty 26 percent over last year.
Janus Henderson Group Plc is bracing for a repeat of September’s repo-market turmoil to play out in the final weeks of 2019.
Commerzbank AG is intensifying efforts to charge clients for keeping deposits at the lender to ease the pain of negative interest rates.
Why use the term "FRAUDULENT" when discussing the gold price discovery scheme? Craig has the answer to that, and a whole lot more...
The BoE has cut growth forecasts, as it sets interest rates for the last time before the general election
...as they head into a new year filled with uncertainty and a world economy showing signs of a synchronized slowdown
The Fed clearly was in error in the last cycle when it used rate hikes when the problem was the buildup of risks in the financial system rather than inflation.
Bank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank would continue with massive monetary easing to achieve its 2% inflation goal while adding “it’s taking time” to hit the target.
The BOE's Monetary Policy Committee (MPC), led by Mark Carney, voted to hold interest rates at 0.75%.
Negative rates currently send the wrong signal to savers, Austrian central bank Governor Robert Holzmann told Austrian magazine Trend.
The European Commission cut its euro-area growth and inflation outlook amid global trade tensions and policy uncertainty, warning that the bloc’s economic resilience won’t last forever.
China and the U.S. have agreed to proportionally roll back tariffs on each other’s goods in phases, a Ministry of Commerce spokesman said.
German industrial output fell more than expected in September, data showed on Thursday, pointing to ongoing weakness in the sector and indicating that Europe's largest economy most probably slipped into recession...
Juliette Declercq: I Believe There Are Times To Own Gold & This Has Been A Great Year For ItNovember 6, 2019
Juliette discusses how this year has been surprising due to the amount of political self-destruction...
Their scheme finally appears to be on the ropes...
On Tuesday Gold was falling below the key $1,500 level. Fast-forward 24 hours and gold looks surer than ever of making a return to that bullish perch.
and one official is calling for 'aggressive' action. The Fed’s more than decade-long quest to generate a healthy level of inflation continues to falter, even with the central bank’s easing turn in 2019 that is targeted specifically at the issue.
Massive bull patterns on the weekly chart suggest gold will be the world’s top performing asset for the next several decades...
Recently, the Treasury Department reported a 26% increase in the federal budget deficit with a 2019 deficit of $984 billion. The reported data on the budget can be misleading.