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Aug 2, US-living on borrow time from debt disaster
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teeth53
Supreme |
12-Apr-2020 18:44
Yells: "don't learn through life, learn to grow with life " |
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Baker Hughes reported oil n gas rigs in US fell by 62, falling to 602, with the total oil and gas rigs clocking in @420 fewer than this time last year .. Baker Hughes data, bringing the total to 504?a 329-rig loss yr over yr. Far fewest active oil rigs since Dec, 2016. ... as Russia n Saudi agreed to lead a 23-nation coalition in massive oil-production cuts, targeted 10 million due to demand drop, due to coronavirus crisis devastated the oil prices.
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teeth53
Supreme |
30-Mar-2020 18:32
Yells: "don't learn through life, learn to grow with life " |
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Oil prices plunge to 17-yr lows as demand drop threaten to bankrupt shale oil producer as fears over the coronavirus pandemic slammed energy demand. --- West Texas Intermediate (WTI). ... https://markets.businessinsider.com/comm...1029043473 | |||||
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teeth53
Supreme |
24-Mar-2020 18:20
Yells: "don't learn through life, learn to grow with life " |
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Trump continued to downplay coronavirus in the United States on Monday, comparing the rising death toll to the number of Americans killed in car crashes and by the seasonal flu. &ldquo We have a very active flu season, more active than most,&rdquo Trump said before he started to take the outbreak more seriously. &ldquo It' s looking like it' s heading to 50,000 or more deaths,&rdquo he went on, speaking of flu-related mortality. He compared coronavirus outbreak to another killer of thousands of Americans. &ldquo You look at automobile accidents,&rdquo Trump said, &ldquo by far greater than any numbers we&rsquo re talking about. That doesn' t mean we' re going to tell everybody no more driving of cars.&rdquo About 39,000 people die per year. Coronavirus was not an especially fearsome killer. By that logic, effectively shuttering whole swaths of the economy, Trump said, made little sense Growth trajectory of the disease over the last several weeks has continued to cut a devastating swath across the nation. There are now more than 43,000 confirmed cases of COVID-19 in the United States, and there have been more than 530 deaths. Why asking for US$2 trillion...?. |
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teeth53
Supreme |
18-Nov-2019 22:33
Yells: "don't learn through life, learn to grow with life " |
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Trump trumpeting Xi is coming to buy U.S.$50 billion of farm products. | |||||
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teeth53
Supreme |
15-Sep-2019 12:57
Yells: "don't learn through life, learn to grow with life " |
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Trump trumpeting this day as always on trade war on China. Meanwhile Huawei owner is offering to sell all 5G technology to US. So US can catch up with others 5G country.
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teeth53
Supreme |
22-Oct-2017 08:55
Yells: "don't learn through life, learn to grow with life " |
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America dangerous budget path.... Current spending and debt are dangerously risk high, and future spending and debt are on track to rise even higher in large part due to increasing entitlement spending. Research shows that advanced economies like the US are at risk of significant and prolonged reductions in economic growth when public debt reaches levels of 90 percent of GDP. High public debt threatens to drive interest rates up, to crowd out private investment, and to raise price inflation. The implications would be severe and pronounced for all Americans, mostly especially for the poor, the elderly, and the middle class. The debt are on track to devour all tax revenues in less than one generation. U.S. policymakers should (but never learn their lesson) learn from Greece and Japan and avoid a fiscal crisis and economic stagnation brought about by public debt. |
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teeth53
Supreme |
22-Oct-2017 08:43
Yells: "don't learn through life, learn to grow with life " |
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https://www.thebalance.com/the-u-s-debt-and-how-it-got-so-big-3305778 Congress is facing a debt crisis. Over the next 20 yrs, the Social Security Trust Fund won' t have enough to cover retirement benefits promised to baby boomers. As every successive president borrows from Social Security Trust Fund. Fund took in more revenue than it needed through payroll taxes leveraged on baby boomers. Ideally, this money should have been invested to be available when the boomers retire. Instead, Fund was " loaned" to the govt to finance increased spending. This interest-free loan helped keep Treasury Bond interest rates low, allowing more debt financing. Then it must pay back by increased taxes when the boomers do retire.
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teeth53
Supreme |
06-Oct-2017 14:40
Yells: "don't learn through life, learn to grow with life " |
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Saudi, a strong backer of US has .........forcing Saudi to make new friend.
US oil exports will keep booming after hitting record 2 million barrels a day, analysts say
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teeth53
Supreme |
06-Oct-2017 14:21
Yells: "don't learn through life, learn to grow with life " |
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https://www.reuters.com/article/us-saudi-russia-missiles/saudi-arabia-agrees-to-buy-russian-s-400-air-defense-system-arabiya-tv-idUSKBN1CA1OD
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teeth53 ( Date: 31-Mar-2017 20:49) Posted:
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Yells: "don't learn through life, learn to grow with life "
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One US$ dollar trillion is showing up......
teeth53 ( Date: 16-Oct-2016 16:07) Posted:
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Trump knew it for three weeks. putting U.S. at security risk?.
White House shakeup, less than 1-mth into Trump' s tenure, marked another jarring setback for a new administration already dealing with tensions among top aides and a legal fight over the president' s travel ban order.
Flynn' s firing also heightened questions about the president' s friendly posture toward Russia. Democrats called for investigations into Flynn' s contacts, n Republican Sen. Lindsey Graham said Congress needed to know.
Trump initially thought Flynn could survive the controversy, but a pair of explosive stories in The Washington Post, Last week - he and his aides began making contingency plans for Flynn' s dismissal. While Trump was said to be upset with Flynn, he also expressed anger with other aides for " losing control" of the story and making his young administration look bad.
Trump no-2. Pence became aware that he had received " incomplete information" from Flynn only after Washington Post report Thurs night. Pence learned about Justice Dept warnings to White House around the same time.
The officials and others with knowledge were not authorized to discuss the matter publicly and requested anonymity.
Ahead of the Jan. 20 inauguration, Pence and other officials insisted publicly that Flynn had not discussed sanctions in his talks with Russian Ambassador Sergey Kislyak. On Jan. 26, Acting Attorney General Sally Yates contacted White Hse counsel Don McGahn to raise concerns about discrepancies between the public accounting and what intelligence officials knew to be true about the contacts based on routine recordings of communications with foreign officials who are in the U.S.
The Justice Dept warned the White Hse that inconsistencies would leave president' s top national security aide vulnerable to blackmail from Russia, according to a person with knowledge of the discussion. The president was informed of the warnings the same day, Spicer said.
Flynn was interviewed by the FBI around the same time, according to a U.S. official was briefed on the investigation.
It was not immediately known what questions the FBI asked of Flynn or what he told law enforcement officials.
McGahn, along with chief of staff Reince Priebus and strategist Steve Bannon, also questioned Flynn multiple times in the ensuing weeks, a White House official said. Top aides also reviewed transcripts of Flynn' s contacts with the ambassador, according to a person with knowledge of the review process.
At the same time. Trump aides began taking steps to put some distance between the president and Flynn. CIA Director Mike Pompeo and retired Lt. Gen. Keith Kellogg, a top Flynn aide, started taking part in Trump' s daily security briefings.
Top Trump advisers quietly met with Vice Admiral Robert Harward last week and spoke with the former Navy SEAL again Monday, the White House official said. Harward is seen as the top contender for the job, though former CIA Director David Petraeus and Kellogg, who has temporarily stepped into the role, are also under consideration.
Spicer said other " questionable incidents" had contributed to Flynn' s firing. According to one person with knowledge of the matter, those incidents included Flynn seeking a security clearance for his son during the transition.
At the time, it was Pence who was again put in the position of defending Flynn on television, saying he had not sought a clearance for the retired general' s son.
A U.S. official told The AP. Flynn was in frequent contact with Kislyak on the day the Obama administration slapped sanctions on Russia for election-related hacking, as well as at other times during the transition.
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U.S President Donald Trump' s national security adviser Michael Flynn resigned over Russian contacts.
Supreme
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Monday a holiday in the US and ahead of, on Friday' s inauguration of Trump.
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30 Trillion coming in style, not a big problem for Trump.
Trump will print more n more U.S. dollars during his term.
As both house is control by republicans, even Democrate Obama print fm 9t to 19t.
teeth53 ( Date: 16-Oct-2016 16:07) Posted:
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http://www.usdebtclock.org/ |
teeth53 ( Date: 02-Jan-2016 11:52) Posted:
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Increasingly n more frequently too it' d create more gridlock in congress n more frequent govt shutdowns in Washington. One of the end results is more instability in global financial mkts. So, if we all can gradually withdraw from playing shares we shd seriously think of doing that.
Qanghoo ( Date: 16-Jan-2016 21:08) Posted:
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Think US debt will keep ballooning at an increasingly exponential rate. Hard to imagine what the debt will be like, especially per-capita, 10, 20 yrs down the road.
moneyplant ( Date: 16-Jan-2016 19:09) Posted:
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https://globalconnections.hsbc.com/singapore/en/articles/more-medium-sized?utm_source=Outbrain& utm_medium=article& utm_campaign=cmb2015& utm_term=alwaysonstrategy& utm_content=Therecent
More medium-sized companies are hedging their foreign exchange exposure, with the recent renminbi (RMB) devaluation a wake-up call, said Tim Evans, HSBC regional head of middle- market enterprises (MME).
The recent RMB devaluation is actually a wake-up call for companies, not to bank on the RMB &ndash or any currency for that matter &ndash as a one-way ride. Since the surprise Aug 11 devaluation, the offshore RMB has fallen some 3 per cent year to date against the US dollar. Of course other Asian currencies such as the Malaysian ringgit and Indonesian rupiah have fared much worse.
Most companies do hedging to some extent, with the bigger ones doing it regularly, especially the multinationals which have treasury operations looking at foreign exchange risks constantly, he said. With the recent volatility of the past three to four weeks, the number of trades has risen across the board, he said.
Some MME companies have increased hedging while others are doing it for the first time, he said. Hedging is still mainly done against the US dollar as international trade is typically denominated in the greenback. &ldquo Most trade is still settled in US dollar,&rdquo said Mr Evans.
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teeth53 thot - Yuan to depreciate against U.S dollars as China hold the most in U.S. debt
http://www.zerohedge.com/news/2016-01-08/how-low-will-yuan-go-deutsche-bank-answers
China&rsquo s currency policy are unlikely to subside any time soon.