There are a dozen bullet points in today’s Treasury Update. Here are the first 5. Month to date tax collections for the period ended June 21 were running way ahead of last year, while outlays were flat, suggesting the economy may be picking up steam again just when the universal consensus was that it was…
Tag Archive for Federal Government
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D.C. Decoder 101: How Washington spends your money
by Newswires • • 0 Comments
D.C. Decoder 101: How Washington spends your money (via The Christian Science Monitor) The federal government is the biggest spender in the US, and maybe the world. How big? So big that in 2011 Washington laid out a cool $3.6 trillion. (Not million, not billion, but trillion, with a “T”.) So big that its budget…
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Foolish Falsehope Fools Get Fooled Again – The Daily Stool – Stock Market Message Board – Stool Pigeons Wire Message Board
by Newswires • • 0 Comments
Investing 101 teaches to never chase short-covering rallies in a bear market, especially in an intentional Depression foisted upon the populace by its own federal government. Yet dreamers will dream, hopers will hope, and gamblers will gamble away the last vestiges of their Bush-era home equity Ditech stash, greedily buying hyped-up diluted crapcommon stocks, then…
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Could You Live on $300 a Week? How About $0? The 99ers Lose Their Insurance – Business – GOOD
by Newswires • • 0 Comments
Across the country, long-term unemployment insurance is drying up. Some 200,000 unemployed Americans lost access to government benefits earlier this month, most in California. All told, at least 500,000 people will fall off the rolls this year. This is going to be a problem. When workers who are eligible for unemployment insurance lose their jobs, the government…
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Government Is Getting Smaller in the U.S. – Off the Charts – NYTimes.com
by Newswires • • 0 Comments
FOR the first time in 40 years, the government sector of the American economy has shrunk during the first three years of a presidential administration. Spending by the federal government, adjusted for inflation, has risen at a slow rate under President Obama. But that increase has been more than offset by a fall in spending…
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A.I.G. Posts Net Income of $3.2 Billion – NYTimes.com
by Newswires • • 0 Comments
¶ The American International Group, the huge insurer that came close to collapsing during the financial crisis before being bailed out by the federal government, said on Thursday that its earnings more than doubled in the first quarter. ¶ A.I.G. reported that its net income, after paying preferred dividends, climbed to $3.2 billion, or $1.71…
Charles Hugh Smith
There Is No Shortcut, But All We Have Are Shortcuts
by Charles Hugh Smith • • 0 Comments
Cheating on the final exam to get an A doesn’t mean you mastered the subject. Yet cheating is all we have in America because sacrifice and adult trade-offs are too painful.
We all know there is no shortcut to anything worth having–mastery, securit…
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Durable Goods and The Stock Market, with The Fed In The Driver’s Seat
by Lee Adler • • 0 Comments
Durable goods orders rose 8.7% In February versus January on a nominal, not seasonally adjusted basis. The mainstream media reported only the 2.2% seasonally massaged increase, which missed the consensus expectation of 2.9%. The actual, unadjusted increase was the best February gain since February 2004, so the actual data could hardly be read as disappointing.…
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Self-Interest and the Pathology of Power: the Corruption of America Part 2
by Charles Hugh Smith • • 0 Comments
The self-interest of the alcoholic is to keep drinking. Is this truly in his best interests? The answer illuminates the pathology of power in America.
If we ignore the lip-service showered on “reform,” we find that there is really only one strate…
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Backlash Growing Against Survival of the Fattest
by Bears Chat at The Wall Street Examiner • • 0 Comments
ELIMINATING the benefits reaped by institutions that are too politically powerful and interconnected to fail has been an elusive goal in the aftermath of the credit crisis. Institutions most likely to receive assistance from the federal government if t…
