Capital and Risk, Macroeconomic
February 6, 2023
Via: CNSNews.comEarlier this month, Argentina and Brazil announced that they would begin working to implement a common currency. The news shocked many economists, including Oliver Blanchard, former chief economist of the International Monetary Fund. Blanchard responded by tweeting: “This Is Insane.” […]
Capital and Risk, Macroeconomic
January 23, 2023
Via: CNSNews.comThis week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and Senate […]
Capital and Risk, Macroeconomic
January 13, 2023
Via: CNSNews.comRep. James Comer (R-Ky.), chair of the House Oversight Committee, said on Thursday night he wants to follow the trail of anonymous Chinese money to the Biden family, and the possible influence China’s Communist Party may have had on Biden […]
Capital and Risk, Macroeconomic
January 9, 2023
Via: CNSNews.comThe $1.7-trillion, 4,155-page omnibus bill passed during the last week of the 117th Congress to fund the government through Sept. 30, 2023 includes over $47 billion for Ukraine, and increases the president’s drawdown capabilities by 291.9% since October 2022. The […]
Capital and Risk, Macroeconomic
December 22, 2022
Via: CNSNews.comUkraine President Volodymyr Zelenskyy “is an inspiring leader, but the most basic reasons for continuing to help Ukraine degrade and defeat the Russian invaders are cold, hard, practical American interests,” Sen. Mitch McConnell (R-Ky.) said on the Senate floor Wednesday. […]
Capital and Risk, Macroeconomic
December 2, 2022
Via: CNSNews.comThe Labor Department’s Bureau of Labor Statistics said the economy added 263,000 jobs in November, higher than the anticipated 200,000; and the unemployment rate held steady at 3.7 percent. But there are troubling trends in Friday’s employment report: Despite the […]
Capital and Risk, Macroeconomic
November 15, 2022
Via: CNSNews.com“Elections matter” and Americans should strive to “elect people that are representing the interest of pensions,” said Kentucky State Treasurer Allison Ball on Monday in Washington, D.C. She also sharply criticized ESG investing and explained that many voters are unaware […]
Capital and Risk, Macroeconomic
October 24, 2022
Via: CNSNews.comSen. Bernie Sanders (I-Vt.) said Sunday that it’s “hard to say” whether there is a recession coming, and he doesn’t want to see the Federal Reserve raise interest rates, because that will lead to more unemployment and lower wages. When […]
Capital and Risk, Macroeconomic
October 14, 2022
Via: CNSNews.comWhen Joe Biden announced he was running for president on April 25, 2019, he said he was motivated by the gathering of “white supremacists and neo-Nazis” in Charlottesville, Virginia — “their crazed faces illuminated by torches, veins bulging, and bearing […]
Capital and Risk, Macroeconomic
October 6, 2022
Via: DailyFXTHE STATE OF THE ECONOMY After a record resurgence out of the depths of the coronavirus pandemic, the US economy has been struggling in recent months. The 2Q’22 US GDP report showed the economy contracted by -0.9% annualized, marking the […]
Capital and Risk, Macroeconomic
September 19, 2022
Via: CNSNews.comAs Americans watch their grocery bills climb, President Joe Biden is putting his best possible spin on the highest inflation since 1982. In an interview with CBS’s Scott Pelley that aired on Sunday’s “60 Minutes,” Biden was asked what he […]
Capital and Risk, Macroeconomic
September 2, 2022
Via: DailyFXThe U.S. dollar, as measured by the DXY index, maintained a slightly bearish bias after the NFP report crossed the wires despite the U.S. Treasury yields’ attempt to perk up. However, the greenback could resume its ascent soon as the […]
Capital and Risk, Macroeconomic
August 25, 2022
Via: CNSNews.comIn a statement on Wednesday following President Biden’s announcement on student debt relief, House Speaker Nancy Pelosi hailed the move by the executive branch: “President Biden’s bold action is a strong step in Democrats’ fight to expand access to higher […]
Capital and Risk, Macroeconomic
August 17, 2022
Via: CNSNews.comSen. Joe Manchin (D-W.Va.) said Tuesday that the Inflation Reduction Act that he voted for, which was touted as a way to reduce inflation, won’t “immediately” reduce inflation. In a letter to the Congressional Budget Office on July 28, Sen. […]
Capital and Risk, Macroeconomic
August 10, 2022
Via: CNSNews.comThe federal government collected a record $4,104,725,000,000 in total taxes in the first ten months of fiscal 2022 (October through July), according to the Monthly Treasury Statement. That was up $503,787,000,000—or 13.9 percent—from the then-record $3,600,938,000,000 (in constant July 2022 […]
Capital and Risk, Macroeconomic
August 2, 2022
Via: CNSNews.comThe Democrats’ $769 billion social spending bill is “a bad bill” that will “do nothing but draw the economy even further into the ground,” Rep. David Rouzer (R-N.C.) said Tuesday. “This is a bad bill. This is a really bad […]
Capital and Risk, Macroeconomic
August 1, 2022
Via: CNSNews.comSen. Joe Manchin, a West Virginia Democrat, infuriated Democrats by refusing to pass the Biden administration’s multi-trillion tax-and-spend “Build Back Better” agenda. At the time, he said it would stoke inflation. But now he’s agreed to approve elements of that […]
Capital and Risk, Macroeconomic
July 28, 2022
Via: CNSNews.comThe U.S. economy contracted for the second quarter in a row in the second quarter of 2022, according to data released today by the Bureau of Economic Analysis. In the January-through-March period, real Gross Domestic Product (GDP) dropped by 1.6 […]
Capital and Risk, Macroeconomic
July 25, 2022
Via: CNSNews.comHouse Rep. Chip Roy (R-Tex.) and Rep. Ed Perlmutter (D-Colo.) engaged in a heated exchange about the slight fall in U.S. oil prices during a House Rules Committee meeting on July 18, with Roy exclaiming that $4/gallon gasoline was nothing […]
Capital and Risk, Macroeconomic
July 18, 2022
Via: CNSNews.comThe federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement. That was up $502,438,730,000—or 15.07 percent—from the then-record $3,332,951,270,000 (in constant June […]