In its latest forecast, the U.S. Congressional Budget Office (CBO) sees the federal government’s debt rising from 97 percent of GDP in the last fiscal year to 116 percent by 2034, higher than during World War II.
Tag: U.S. Economy
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: GOLD SETS ANOTHER RECORD
Gold’s price rose another 1.61 percent on 5 April to trade at $2,325.70, giving a 12.77-percent gain so far this year.
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HEDGE FUNDS LOOK TO EUROPE TO EXTEND STOCK RALLY
As U.S. stocks become more expensive, investors are turning to Europe where valuations are lower and a cautiously optimistic economic outlook hints at rising equity markets, Bloomberg reported.
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TECH STOCKS WILL COOL AS MARKET RALLY BROADENS
The current stock market rally has been driven by tech stocks, particularly the “Magnificent Seven” of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
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ECONOMIC UPDATE – MARKET OVERVIEW
On 2 January, we had forecast that 2024 would be a Golden Year for Gold. Why are gold prices spiking? We are on the brink of an economic and geopolitical Armageddon, the likes of which we have never witnessed in human history... and the central banksters and those who see and feel the pain know it.
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U.S. ECONOMY SPROUTS 303,000 (LOUSY) JOBS IN MARCH
The economy added another 303,000 jobs last month, the U.S. Labor Department estimated, more than the 200,000 analysts had expected.
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SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
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IRS NEEDS TO BOOST WORKFORCE TO 100,000 TO KEEP GETTING MORE TAXPAYER’S MONEY
By 2027, the U.S. Internal Revenue Service will need to add another 10,000 workers to its current 90,000 to reach its goals in modernizing systems, providing higher-quality services to taxpayers, and spotting and pursuing tax cheats and dodgers, IRS commissioner Danny Werfel told an 18 March press briefing.
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U.S. CONSUMERS CONTINUE TO SLOW THEIR SPENDING
Inflated prices, emptied savings accounts, and high credit card debt seem to be continuing to persuade U.S. shoppers to curb their free-spending ways.
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ECONOMIC UPDATE – MARKET OVERVIEW
The U.S. equity markets are on a tear, racking up one of the strongest first quarters in 75 years, and The Street is betting that they will keep going higher.