The latest bipartisan budget scheme includes no spending cuts. So once again, deficit hawks are left feeling betrayed – not to mention alarmed at the country’s worsening fiscal trajectory.
It's estimated the Social Security trust fund will be fully depleted in 2033, leaving the system fully dependent on current tax revenue. No one has any idea how that will go.
I continue to stand by my prediction the Fed will tighten until MORE things break, and will grind us right down into that recession that is now upon us like a heel on a cigarette butt.
In other words, all the noise is about how much inflation was falling each month nearly a year ago while it is not falling at all right now and would have even risen if energy hadn’t experienced a sudden drop!
The price of money is simply the rate of interest. The prevailing interest rate reflects the supply and demand for money. When people save more, interest rates go down
Why a central bank needs the BIS to undertake gold swaps isn't clear, but the swaps are likely connected with short-term trading needs, which could include suppressing the gold price.
