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re: Why all the talk of multiple interest rate cuts
Posted on 9/3/24 at 1:16 pm to Art Blakey
Posted on 9/3/24 at 1:16 pm to Art Blakey
https://www.forexlive.com/news/atlanta-fed-q3-gdpnow-20-vs-25-prior-20240903/
This post was edited on 9/3/24 at 1:17 pm
0
Posted on 9/3/24 at 10:48 pm to Art Blakey
quote:
True US interest expense (debt service+entitlement pay goes) are 92% of tax receipts YTD but more importantly were 120% for July, i.e., the trend is no friend to govt solvency.
I believe that is way off given the US debt level, estimates are USA debt is $258k debt per person now, no way interest payments are only 92% of tax receipts. Look at a US debt chart, shite has gone ballistic starting in 2008. Something has to change instead of continuously kicking the can up the road. Billionaires must love the current Fed policies.
Posted on 9/4/24 at 7:31 am to Art Blakey
quote:
True US interest expense (debt service+entitlement pay goes)
What are you including in "entitlement pay"? Is that welfare programs (SNAP, Section 8, etc) or are you putting Medicare/caid and SS in that box as well?
Posted on 9/4/24 at 9:57 am to Bard
quote:
What are you including in "entitlement pay"? Is that welfare programs (SNAP, Section 8, etc) or are you putting Medicare/caid and SS in that box as well?
The big 3, medicaid, medicare, SS.
Posted on 9/4/24 at 10:18 am to LChama
quote:
JOLTS report, which tracks the monthly change in job openings, was reported at 7.673 Million for the month of July, lower than expectations of 8.1 Million and below last month's revised report of 7.91 Million.
Bank of Canada cut another .25
Fridays BLS will tell the story of how big of a cut we get
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