From Mike's latest:
Total spending for the fiscal year thus far thru August 24, $4.3T, up $158 bln over last year and growing at 3.82%. This is the largest y-o-y positive gap so far and growing at the fastest year-o-y rate.
Corporation Taxes, $206 bln, down $53.5 bln...down from the tax cuts...
Bank credit up $12.4 bln to $12.795T, the highest in 3 weeks. The growth rate held steady at 3.7% y-o-y. Loans and Leases in Bank Credit, up $5 bln to $9.382T. The growth rate ticked up to 4.7% y-o-y. Commercial and Industrial loans were up $5.4 bln to $2.224T. This is the highest level in 3 weeks. The growth rate accelerated to 5.7% y-o-y.
Not too shabby...
4 comments:
Almost half of Americans can't pay for their basic needs
https://www.cbsnews.com/news/almost-half-of-americans-cant-pay-for-basic-needs/
Not too shabby indeed :(
Well looks like Trump is going to put a 25% tariff on Canadian autos and then we’ll have to make more autos here and then less than half will be able to afford their needs...
#MAGA
“Bank credit up $12.4 bln to $12.795T, the highest in 3 weeks.”
That is, Americans in debt bondage are an additional $791 million in debt.
Not too shabby.
Assets - Liabilities = (Not necessarily bondage). But if you're into that sort of economic bondage thing, a snarl, a sneer, a whip and a chain, all the more power to ya. The Libertarian left totally fine with whatever you get up to in your economics.
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