How enormous will deficits balloon when this historic financial Bubble bursts? Are $5.0 TN annual deficits an unreasonable guesstimate? No worries, apparently. There’s always the “whatever it takes” Federal Reserve balance sheet. In the financial and economic crisis scenario, does the Fed boost Treasury, MBS, corporate bond and EFT purchases to, say, $500 billion monthly?
Yet it still comes as a great surprise to everyone when ‘doing more of what’s failed spectacularly’ ends up collapsing the whole rotten structure.
Systems and nations are designed to fail
Mining production in the United States decreased 12.30 percent in December of 2020 over the same month in the previous year. Mining Production in the United States averaged 2.11 percent from 1920 until 2020, reaching an all time high of 108.20 percent …
Manufacturing Production in the United States decreased 2.80 percent in December of 2020 over the same month in the previous year. Manufacturing Production in the United States averaged 3.66 percent from 1920 until 2020, reaching an all time high of 67…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Fiscal Expenditure in the United States increased to 489682 USD Million in December from 364819 USD Million in November of 2020. Fiscal Expenditure in the United States averaged 122420.04 USD Million from 1954 until 2020, reaching an all time high of 1…
Government Revenues in the United States increased to 346119 USD Million in December from 219553 USD Million in November of 2020. Government Revenues in the United States averaged 153439.08 USD Million from 1980 until 2020, reaching an all time high of…
Chilling.
TomTom has released its 2020 Traffic Index which highlights congestion levels in 416 cities in 57 countries. Continual increases in traffic congestion throughout the last decade were brought to an abrupt halt by the Covid-19 pandemic which has turned w…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.