As of 31 March, debt owed by the U.S. federal government exceeded the total value of the entire U.S. economy.
Tag: U.S. Economy
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MORTGAGE RATES IN U.S. INCREASE AMID IRAN WAR STALEMATE
The average rate on a 30-year fixed mortgage in the U.S. increased earlier last week after President Donald Trump announced that the U.S. naval blockade outside the Strait of Hormuz will stay in place until there is a suitable agreement with Iran to end the war.
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ECONOMIC UPDATE
As we keep noting by the facts; there is no relationship between Wall Street and Main Street, and by the facts and statements made by President Trump and his administration, they keep doing all they can to rig the equity markets.
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SPOTLIGHT: THE U.S HOUSING MARKET
Construction began in March on 1.502 million new homes in the U.S., a 10.8-percent increase from February, when housing starts declined by 3 percent to 1.356 million, the U.S. commerce department reported.
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ORACLE’S MASSIVE LOAN OBLIGATIONS CRIMP FUTURE BORROWING
After signing a $300-billion contract to provide cloud services to OpenAI, Oracle has committed so much money to leasing data centers that it has limited its own ability to borrow much more, The Wall Street Journal reported.
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DESPITE WAR, CORPORATE EARNINGS GROWTH “EXCEPTIONAL”
With the Iran War unsettled and consumers mired in gloom, U.S. corporations are piling up profits as fast as ever.
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U.S. CONSUMER SENTIMENT TANKS IN APRIL
U.S. households have never been as glum about the state of the economy as they were in April, according to the University of Michigan’s monthly survey of consumer sentiment.
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MARKET OVERVIEW
Once again last week, investors put their faith in new reports that peace talks between the U.S. and Iran were being planned.
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ECONOMIC UPDATE
As we have detailed with facts and data since Israel and the United States launched the Iran War two months ago, equity markets go up and oil prices go down following President Donald Trump’s statements – which have been proven false – that the U.S. defeated Iran and/or there is a ceasefire deal.