The Federal Reserve has reduced the size of its balance sheet by 10.7% this year, the largest percentage decline of any year on record.
Source: Charlie Bilello
Italy and France are exceeding the EU’s 3% of GDP deficit rule by nearly double!
Chart: @robin_j_brooks, Alex Joosten @joosteninvestor
This is $1 trillion in stacks of $100s. The US currently has $36 trillion in debt.
Source: X
JUST IN - US MACRO DATA RELEASED ⚡
👉 GDP (Q3), 3.1% Vs. 2.8% Est. (prev. 2.8%) 👉Jobless Claims, 220K Vs. 230K Est. (prev. 242K) 👉PCE Prices (Q3), 1.5% Vs. 1.5% Est. (prev. 2.5%) 👉Core PCE (Q3), 2.2% Vs. 2.1% Est. (prev. 2.8%)
America's massive leverage summarized in one chart
Source: The Rabbit Hole
Visualizing $102 Trillion of Global Debt
Source: Barchart @Barchart
🔈 BANK OF JAPAN JUST MADE THEIR INTEREST RATE DECISION: THEY WILL NOT BE RAISING INTEREST RATES. This is a relief for markets 👍
🚨 If Japan hiked rates, the US Dollar would weaken against the Yen. Anyone who is short the Yen then would have to sell off US equities in order to cover their short, which could've caused a decline in stocks. Most of those stocks would have been tech stocks. It also could have caused a sell off in Bitcoin as many people have borrowed against the Yen to put money into crypto. Basically it would be another edition of the Yen Carry trade which still has trillions of dollars tied into it. 😊 On a day like today, bulls really needed Japan to NOT raise rates. USD/JPY after the decision, up 0.27% Source: @amitisinvesting
BREAKING - Trump tells NBC he'd support abolishing the debt ceiling, calling it 'the smartest thing Congress could do' and suggesting it's more psychological than practical.
President-elect Donald Trump expressed support for abolishing the debt ceiling, calling it a "meaningless concept" that Congress should eliminate entirely. Speaking to NBC News, Trump suggested that removing the debt ceiling would be the "smartest thing" lawmakers could do and offered to lead the charge if Democrats pursue it. He also criticized a recent funding deal reached by Congress, labeling it a "Democrat trap" and questioning House Speaker Mike Johnson’s leadership. Trump suggested a potential government shutdown could help set the stage for his administration, and revealed he had discussed the funding deal with Elon Musk, aligning their views on cost-related issues. Source GNF - Global News First
