#trade #deficit #dollars #Covid #gold $USD $XAU $GLD “The Trump Trade Deficit Increases Even as Trade Flows Show COVID-19 Effect, Dropping 15% in 1-H of Y 2020 Compared to Same Frame in Y 2019” –Paul Ebeling The trade deficit widened to $67.1-B in August (consensus -$66.2-B) from an revised $63.4-B in July. The widening deficit is […]
$DIA $SPY $QQQ $RUTX $VXX “The growing national deficit is a ‘legitimate issue’, but our main focus now is in creating jobs,” White House trade adviser Peter Navarro said Friday. “Until the bond market starts reacting negatively to that and we start seeing inflation, the deficit is not going to be a concern,” Mr, Navarro […]
China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said Wednesday. Mounting US trade tariff pressure on the world’s 2nd-biggest economy pushed growth last year to its lowest since Y 1990 even as Beijing stepped up stimulus measures […]
The Big Q: Is Debt Good or Bad? The Big A: Yes & Yes Debt is future spending driven forward in time. It lets you buy something now for which you do not have the cash “yet”. Whether it is smart or not depends on what one buys. Many people, businesses, and governments borrow because […]
President Trump Drives Debt Sales to Near-Recession Levels as Economy Booms US President Donald Trump is boosting long-term US debt sales to the highest since Y 2010, matching the pace when the country was digging itself out of the worst recession since World War II, even as the economy is booming. To cope with the […]
President Trump Hails the “Amazing” 4.1% Q-2 Economic Growth Rate “the President’s policies are working,and not just on the top line, but in the details” Friday from the White House, US President Donald Trump hailed the “amazing” 4.1% Q-2 GDP rate, as the fastest pace since Y 2014, as proof that “we’ve accomplished an economic […]
President Trump “Halted America’s Downward Spiral” It is distasteful to return to my exchange with my esteemed NRO colleague Jonah Goldberg about the column he wrote several weeks ago likening President Trump’s reference to the implantation of FBI informers in his campaign as “Spygate” to McCarthyism. He replied on June 6, citing some of what I had written, […]
US Has an “Agreement in Principle” with China to Reduce Trade Deficit Thursday, US Commerce Secretary Wilbur Ross said that China looks to be open to reducing its trade deficit with the US by as much as $200-B within 2years, along with other White House demands. “I think they agreed to the concept of a […]
USD to Continue in Downward Trend Begun Early in 2017 $USD, $CNY The financial markets got some insight into The Trump Administration’s Fx (foreign-exchange) policies. Monday, US President Donald Trump accused Russia and China of devaluing their currencies while the United States raises interest rates, prompting China to accuse the United States of sending confusing […]
US Economy Can Handle Trump Budget Deficits The US economy can handle the trillion-dollar deficits that are forecast to result from President Trump’s budget proposal released Monday. “The deficit is going to be 5.5% of GDP for FY 2019. Over 10 years, it’s going to average about 3.5% ,” economist Larry Kudlow said pointing out […]
US Seeing Highest Spending Since 2009 Stimulus Real federal spending in FY 2017 was the 2nd highest in the history of the United States, topped only by Y 2009, when former president Barack Hussein Obama’s $840-B stimulus law was enacted according to reports. Fiscal Year (FY) 2017 also saw the 2nd highest real federal individual […]
Supply Deficit in Platinum Rising, the Metal is +22% YTD $PPLT, $ANGPY, $IMPUF, $LNMIY Platinum futures trading on the NYMEX market in New York contracted a bit last week, but at 1,065 oz YTD platinum is up more than 22% thanks to predictions of another annual market deficit and the threat of labor action in […]
Huge National Debt “Blunts” Prospect for US Economic Growth $DIA, $SPY, $QQQ, $VXX “Be warned, The steady stream of federal red ink is getting to be a deeper shade of Red.”– Barron’s As increases in annual US budget gap add to national debt, blunt prospects for economic growth, and bode badly for America’s financial future. […]
US Corporate Profits Fall, US Government Deficit Rises $DIA, $SPY, $QQQ, $VXX The federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is running 10% higher than a year ago. The US Treasury Department said Wednesday that the deficit came in at $112.8-B in July, […]