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Thursday, January 27, 2022
feds-admit-$2.3-trillion-in-improper-payments

Feds Admit $2.3 Trillion In Improper Payments

Submitted by Adam Andrzejewski, Since 2004, twenty large federal agencies have admitted to disbursing an astonishing $2.25 trillion in improper payments. Last year, these improper payments totaled $175 billion – that’s about $15 billion per month, $500 million per day, and $1 million a minute. But what exactly is an improper payment? Federal law defines…
the-$88-trillion-world-economy-in-one-chart

The $88 Trillion World Economy In One Chart

The global economy can seem like an abstract concept, yet, as Visual Capitalist's Iman Ghosh notes, it influences our everyday lives in both obvious and subtle ways. Nowhere is this clearer than in the current economic state amid the throes of the pandemic. This voronoi-style visualization from HowMuch relies on gross domestic product (GDP) data from the World…
bofa-puts-cost-of-re-shoring-at-$1-trillion

BofA Puts Cost Of Re-Shoring At $1 Trillion

Submitted by Market Crumbs, Manufacturing has been moving to China from the U.S. and Europe for decades. As a result of the coronavirus pandemic, many companies are now looking for ways to bring manufacturing back home... Research from Bank of America estimates that it could cost U.S. and European companies $1 trillion over five years…
a-look-inside-the-$52-trillion-bubble-that-has-“hijacked-china’s-economy”

A Look Inside The $52 Trillion Bubble That Has “Hijacked China’s Economy”

More than three years ago, we explained why "the fate of the world economy is in the hands of China's housing bubble." As we said at the time, "China has always been a serial bubble inflator courtesy of a closed (capital account) economy, and nearly $30 trillion in bank deposits [$40 trillion as of July…
$6.66-trillion

$6.66 Trillion

Well at least our satanic overlords have a sense of humor. According to the latest Fed balance sheet, as of April 29, the Fed's balance sheet increased by 82.8 billion dollars over the past week, rising to a record  6,655,929,000,000 which, of course rounds up to $6.66 trillion (also, who can possibly forget that 666…
un-calls-for-trillion-dollar-debt-jubilee-for-poorest-countries 

UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries 

For weeks, the United Nations, International Monetary Fund, and World Bank have stated the only solution for emerging market economies severely damaged by the coronavirus outbreak is a "debt jubilee." The United Nations Conference on Trade and Development (UNCTAD) published a note on Thursday morning that said about $1 trillion in debt owed by developing countries should be canceled…
this-curve-will-never-flatten-again:-fed-balance-sheet-hits-$6.1-trillion,-up-$2-trillion-in-1-month

This Curve Will Never Flatten Again: Fed Balance Sheet Hits $6.1 Trillion, Up $2...

Here is an example of a curve that everyone wants to flatten. And here is an example of a curve that while some  - namely the bears - also wants to see collapse, it will never do so  as that would mean the end of western civilization - which is now entirely contingent on the…
“if-getting-us-into-$6-trillion-more-debt-doesn’t-matter,-then-why-not-$350-trillion?”

“If Getting Us Into $6 Trillion More Debt Doesn’t Matter, Then Why Not $350...

Shortly after 4pm, president Trump signed into law the $2 trillion fiscal stimulus also known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which gives the Fed the ammunition to issue up to $4.5 trillion in additional debt, a "Multitrillion Dollar Helicopter Credit Drop" as Bloomberg called it, and officially launches not…
boj-admits-it-has-lost-3-trillion-yen-on-its-equity-purchases-despite-literally-printing-money-out-of-thin-air

BOJ Admits It Has Lost 3 Trillion Yen On Its Equity Purchases Despite Literally...

Long gone are the days when central banks pretended they aren't in the business of propping up the stock market. A week after we reported that the BOJ had bought a record amount of ETFs in a desperate attempt to stabilize its illiquid stock market, where the central bank now owns over 73% of all…
$5.6-trillion-fund-manager-warns-stocks-face-“significant”-risk-of-double-digit-pullback-in-2020

$5.6 Trillion Fund Manager Warns Stocks Face “Significant” Risk Of Double-Digit Pullback In 2020

The head of investment strategy for one of the largest piles of investor capital in the world believes stocks face a "greater-than-usual" risk of a sizable pullback during 2020. Joseph Davis, the head of investment strategy at Vanguard, one of the largest asset-management companies in the world and the progenitor of passive investing, said he…
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