Powell's January 10th Speech
- Thread starter Stockolio
- Start date
Very worried? The fed should have always been worried.....how long do you possibly think the debt can keep going before all world economies collapse...
Fed Chairman Powell says he is 'very worried' about growing amount of U.S. debt
Thomas Franck | @tomwfranck
Published 35 Mins AgoUpdated 1 Min Ago
Fed Chairman Powell says he is 'very worried' about growing amount of U.S. debt
Thomas Franck | @tomwfranck
Published 35 Mins AgoUpdated 1 Min Ago
Well, the gubmint owes the federal reserve something like $2.5 trillion. Maybe they could just forgive it if they were so worried? It would help a bit.
Powell says he is 'very worried' about growing amount of U.S. debt
https://www.cnbc.com/2019/01/10/fed...-worried-about-growing-amount-of-us-debt.html
- "I'm very worried about it," Fed Powell said Thursday. "It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face."
- Total U.S. debt is about $21.9 trillion, of which $16 trillion is owed by the public. The sustained annual U.S. deficit is now believed to be more than $1 trillion.
- In part because of continued rate increases under Powell, the interest cost on that debt could start to become a bigger and bigger burden.
https://www.cnbc.com/2019/01/10/fed...-worried-about-growing-amount-of-us-debt.html
The recent dovish statements, and the Fed's retreat from their rate hike frightens me.
It's ultimately an admission that the economy is not strong enough to support the planned increases.
Worrying also is the dramatic effect of AAPL's plunge. It dragged down the whole tech sector, and ultimately the whole S&P.
Half of the recovery from the Great Recession was a farce, based on buybacks; the other half was tech, which is cooling off. This Combined with the worrying debt statements...
Is China selling their US Bonds?
Time to go long on GOLD.
It's ultimately an admission that the economy is not strong enough to support the planned increases.
Worrying also is the dramatic effect of AAPL's plunge. It dragged down the whole tech sector, and ultimately the whole S&P.
Half of the recovery from the Great Recession was a farce, based on buybacks; the other half was tech, which is cooling off. This Combined with the worrying debt statements...
Is China selling their US Bonds?
Time to go long on GOLD.
https://www.federalreserve.gov/newsevents/pressreleases/other20190110a.htm
The Federal Reserve Banks had interest expense of $38.5 billion primarily associated with reserve balances held by depository institutions, and incurred interest expense of $4.6 billion on securities sold under agreement to repurchase.
Fed paid the banks 38.5 Billion in 2018! Not a bad racket Wall Street has setup, haha
The Federal Reserve Banks had interest expense of $38.5 billion primarily associated with reserve balances held by depository institutions, and incurred interest expense of $4.6 billion on securities sold under agreement to repurchase.
Fed paid the banks 38.5 Billion in 2018! Not a bad racket Wall Street has setup, haha
%%
Not to worry;
Donald trump has been thru bankruptcy several times.While appointed by Pres, Fed is a private co, like Federal Express.I would like to see them audited ,as Senator Paul called for
