Yearly Archives: 2023

The Monthly Treasury Statement has been released, and the data reveals a continued deterioration of the deficit, which is now at around 7.3 percent of GDP on a 12-month trailing basis. The Economist recently expressed concerns that the U.S. budget … Continue reading →

Note the S&P traded within 9 points from its February bear market high on Monday before falling 125 points into today’s close.  The market is now in the hands of large depositors ($250k) in the regional banks.  See no evil … Continue reading →

Today’s Economist cover: By The End Of The Decade? America’s budget deficit is set to balloon as its population ages, the cost of handouts swells and the government’s interest bill rises.  We estimate that deficits could reach around 7% of gdp … Continue reading →

Data released on Monday showed South Korea’s shipments abroad fell 14.2% in April, steeper than economists’ expectations for a 12.2% decline. Korean exports are a bellwether for international trade because the nation sells a lot of essentials for supply chains — like semiconductors, computer … Continue reading →

The U.S. budget deficit is approaching $2 trillion on a 12-month rolling basis. Without the central bank – Fed and foreign – financing, it will eventually bite the financial markets hard.  And then there is the political issue of the … Continue reading →