GDP Rose by $1.0 Trillion in 2018, US Gov. Debt by $1.3 Trillion by Wolf Richter • Feb 28, 2019 • 103 Comments Where would GDP growth be without federal borrow-and-spend?
At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How by Wolf Richter • Jan 10, 2019 • 106 Comments The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.
“Double Whammy of Rising Rates for Us and Our Consumers”: AutoNation by Wolf Richter • Oct 31, 2018 • 70 Comments We knew “free money would inevitably end”: CEO Jackson. “Affordability would become an issue – particularly around new vehicles.”
Exxon Now Advocates for Carbon Tax? Hmmm by Leonard Hyman and Willian Tilles • Oct 12, 2018 • 95 Comments Some things are just too curious.
“Rising Inequality” Could Impact America’s AAA Credit Rating by Safehaven • Oct 10, 2018 • 33 Comments Moody’s: It “will exacerbate already material fiscal challenges on the horizon.” If unaddressed, “social tensions will continue to rise.”
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion by Wolf Richter • Oct 1, 2018 • 130 Comments But wait — these are the Boom Times!
What I Wrote to the White House about Trade & Tariffs by Wolf Richter • Sep 23, 2018 • 107 Comments That Trump is bungling the debate became clear when he was getting bashed like a sitting duck from all sides: Corporate America, China, the EU, other entities that would lose, and their propaganda outlets in the media.
Could California Flame Out? by John McNellis • Aug 5, 2018 • 112 Comments High housing costs & taxes lead to this: “Once we decided we had to get our employees out of California, we went about our search systematically.”
An Unexpected Carbon Tax Proposal by Llewellyn King • Jun 25, 2018 • 56 Comments What’s surprising is who’s pushing it: dyed-in-the-wool, rock-ribbed Republicans.
Online Retailers Lose State Tax Subsidy by Wolf Richter • Jun 21, 2018 • 95 Comments Up to $13 billion in 2017. Brick-and-mortar gets some relief. Consumers not amused.
