Federal Deficit

Flatliners - Dead Market Walking

"...all risk has been flat-lined in this grand central bank experiment...  but any trader staring at the tape knows that we find ourselves in the most compressed price environment in history. This is not normal, there’s no heartbeat..."

Republicans Scramble To Revise Obamacare Repeal Bill As Defeat Looms

Late on Sunday and overnight, GOP senate leadership was scrambling to revise the Obamacare repeal bill in order to win support from a small but critical group of holdout senators and secure the 50 votes needed to allow the tie-breaking vote in favor cast by Vice President Mike Pence.

Frontrunning: September 20

  • Fed Poised to Set Portfolio Reduction Plan in Motion (WSJ)
  • Dollar close to 2015 lows as conflicted Fed prepares policy update (WSJ)
  • The Risk of a New Economic Non-Order (El-Erian)
  • A last, last chance: Republicans strain for Obamacare repeal (AP)
  • McConnell Won’t Promise Obamacare Repeal Vote as Foes Mobilize (BBG)

Yes, This Is A Real CNBC Article On "Economics"

This trash is clearly being sold so that idiots can cite a study that says a universal basic income is a good thing. The chorus grows in the media, training the sheep how to sing their song of ignorance. Baaa if you support a universal basic income!

A Look At US Government Shutdowns Since 1976

Since 1976, the federal government has experienced 18 funding gaps under the current budget process, although most did not result in a shutdown of operations and a furlough of non-essential employees... A shutdown in October would have to proceed for several weeks or more to have sizeable economic effects.

Peter Schiff: Damn The Deficits, Huge Tax Cuts Ahead!

For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if passed, what may this bunker buster do to the economy? While I have rarely met a tax cut I didn’t like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.

Trump Tax Cuts To Add As Much As $7 Trillion In Debt

"Based on what we know so far, the plan could cost $3 to $7 trillion over a decade– our base-case estimate is $5.5 trillion in revenue loss over a decade.... a $5.5 trillion tax plan would be enough to increase debt to 111 percent of Gross Domestic Product (compared to 89 percent of GDP in CBO's baseline) by 2027."

Stockman: The Trump Reflation Fantasy Ends On Day 100

"In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD. I’m referring to the “Mother of All Debt” crises, of course... The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s reign."