by Simian_Stacker 10 out of the 20 cities in the case-shiller 20-city index reported price declines over the last year, the most since 2012. The 20-city index was down YoY for the first time in 13 years. pic.twitter.com/LrTg8tqlAR — Charlie …
by Dismal-Jellyfish Source: https://home.treasury.gov/system/files/136/Debt-Limit-Letter-to-Congress-Members-20230526-McCarthy.pdf Dear Mr. Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the operations of the federal government. …
by confoundedinterest17 Damn it, Janet (Yellen)! So much for Treasury Secretary Janet Yellen’s proclamtion that inflation is transitory and would subside to under 2%. April’s core inflation (PCE Deflator) rose to 4.7% YoY. Despite M2 Money growth crashing to -4.6% …
Treasury Secretary Janet Yellen on Monday added a new level of urgency to her warning to lawmakers that the U.S. could run out of cash in early June. “I am writing to note that we estimate that it is highly …
Biden blamed Republicans for the U.S. defaulting on debt, calling their latest offers “unacceptable” and refusing to agree to a tax break for the oil industry. via townhall: After dodging reporter’s questions about the debt ceiling, President Joe Biden finally …
by Hephaestus4 They will raise the debt ceiling again and again. $1.5 Trillions just enough to pay interest for our $31.7 Trillions Debt likely until the end of this year. Interest is compounding fast. It is best to shock the …
Janet Yellen just warned of more bank failures to come.https://t.co/eRNWyF40LV Good thing to learn on a Friday afternoon at the same time that debt ceiling talks are suspended. pic.twitter.com/J1EHKFFZpu — Mac10 (@SuburbanDrone) May 19, 2023 This country is a mess …
by confoundedinterest17 I used to think that The Kabuki Theater surrounding the raising of the US debt limit and passing a Federal budget would be over by now. But since Biden is being controlled by the hard left “Progressives” in …
Reiterated this just moments ago Source: https://home.treasury.gov/system/files/136/Debt-Limit-Letter-to-Congress-Members_20230515_McCarthy.pdf Yellen Says Debt-Limit Measures May Be Exhausted as Soon as June 1 — FSMN (@faststocknewss) May 15, 2023 *YELLEN: DEBT-LIMIT MEASURES MAY BE EXHAUSTED AS SOON AS JUNE 1 — zerohedge (@zerohedge) May 15, …
via redwave.press: The U.S. government will have to default on some payments if Congress fails to raise the national debt ceiling before June, Treasury Secretary Janet Yellen said. “If Congress fails to do that, it really impairs our credit rating. …
“Hello, Mr. Buffet? This is Janet Yellen and I have some bad news…” Composite of original photos by President of Ukraine and karlyukav From Peter Reagan at Birch Gold Group Treasury Secretary Janet Yellen usually gets a good deal of media attention whenever the dramatic topic of …
by Martin Armstrong Janet Yellen has become way too partisan to be a trustworthy government official. Since Biden now says he will nominate a Latina for Fed governor regardless if they are qualified or not is precisely why SVB failed …
by confoundedinterest17 Treasury Secretary Janet “The Evil Hobbit” Yellen is a Statist. She can only think of an all powerful central government calling the shots since the private sector and individual liberties are something to be eliminated. So, it is …
WASHINGTON, May 8 (Reuters) – Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the “catastrophic” impact a U.S. default on its debt would have on the U.S. and global economies, two sources familiar …
by Dismal-Jellyfish Source: https://home.treasury.gov/system/files/136/Debt_Limit_Letter_Congress_Members_05012023.pdf Dear Mr. Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the operations of the federal government. …
by laflammaster Inflation = high, consumer spending = through the floor. Combination of those is called stagflation – recession with high inflation. The Blue Chip Economic Indicators is a leading economic indicator of future GDP growth. The most recent estimate …
via alarabiya: Economic sanctions imposed on Russia and other countries by the US put the dollar’s dominance at risk as targeted nations seek out an alternative, Treasury Secretary Janet Yellen said Sunday. “There is a risk when we use financial sanctions …
US TREASURY SECRETARY YELLEN: I HAVE NOT SEEN ANY EVIDENCE OF CREDIT CONTRACTION, THOUGH IT IS A POSSIBILITY. — FinancialJuice (@financialjuice) April 11, 2023 Moron pic.twitter.com/K4K7zl8AXi — Sandy Canner (@CannerSandy) April 11, 2023 US TREASURY SECRETARY YELLEN: I ANTICIPATE SOME …
by Martin Armstrong The Inflation Reduction Act has only increased inflation. Secretary of the Treasury Janet L. Yellen came out and admitted the truth – the act’s entire premise is to push the climate change agenda forward. “The Inflation Reduction Act …
This is not even remotely sustainable. Interest on the debt is approaching 20% of tax revenue. Keep this going and it will be at 30%+ of all tax revenue. We are borrowing more just to pay interest on the old …
by confoundedinterest17 Janet, are you kidding? As The Fed attempts to fight inflation, rates are rising. Consequently, deposits are all commercial banks are falling. The Fed just released its weekly commercial bank data dump showing deposit inflows/outflows. Two things to note: …
HEADLINE ALERT “The Financial Stability Oversight Council believes the US banking system remains sound & resilient despite the fact that some institutions are under stress, according to a statement issued by the Treasury Department following the body’s meeting earlier Friday.” …
JUST IN – Treasury Secretary Yellen convenes U.S. financial regulators for an unscheduled meeting — Bloomberg — Disclose.tv (@disclosetv) March 24, 2023 Treasury Secretary Janet Yellen will convene the heads of top US financial regulators Friday morning for a previously …
She gives a 1 hour speech on different way to shave the beaver and gets $200K…….. I’d do dat for half price someone tell ’em https://twitter.com/monitoringjobs/status/1638632996768022530 h/t mark000
by: JD Heyes (Natural News) The Biden regime has gotten into the business of literally picking winners and losers regarding the burgeoning banking and financial industry crisis, leaving tens of millions of Americans wondering if their bank is going to …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230319a.htm “We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in …
by confoundedinterest17 Strange days, indeed. Despite endless promises from Washington DC that there would never be another bank bailout, the Biden Administration bailed out Silicon Valley Bank (SVB) by removing the $250,000 cap on deposit insurance. Then Treasury Secretary Janet Yellen …
Guest post from John Rubino, you can find him at his Substack: Watching almost any U.S. policymaker try to explain what they’re doing these days is a surreal experience. Whether it’s foreign policy — especially our multi-front plan to start …
by Michael What in the world was she thinking? When a bailout was hastily arranged for uninsured depositors at Silicon Valley Bank and Signature Bank, the implication was that the same thing would be done for uninsured depositors at any …
by Martin Armstrong https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Yellen-Doubt-on-Deposits.mp4 We have a serious problem here. Depositors in a bank are NOT risking their money as an investor in a hedge fund. They expect honesty and stability. If the bank is trading and doubles its money, it belongs …