US - Economic Data & News 11 (Oct 22 - Mar 24)

[behappyalways]

The Article 42 bill expires on Thursday, and it is expected that "150,000 immigrants" will massively suppress the border

第42條法案週四失效 預計「15萬移民」大舉壓境｜方念華｜FOCUS全球新聞 20230509@tvbsfocus

https://m.youtube.com/watch?v=6QUzTDYuRg8

[behappyalways]

Why Hitting the Debt Ceiling Would Be 'Catastrophic' for U.S. Economy | WSJ
https://m.youtube.com/watch?v=JPeddLvqQV0

[winston]

Debt Ceiling May Spook Markets, But Dollar, Bond Markets Tell Different Story

Bond markets and the U.S. dollar may have some good news for debt ceiling doomsayers.

by DANIEL KUHN

Source: The Street

https://www.thestreet.com/investing/deb ... nt%2BStory

[winston]

Goldman Sachs Sees Only Small Chance of Recession

It forecasts economic growth of 1.6% this year, after 1.1% annualized growth in the first quarter.

bt DAN WEIL

Source: The Street

https://www.thestreet.com/economy/goldm ... BRecession

[behappyalways]

How The U.S. Is Stalling A Recession
https://m.youtube.com/watch?v=T2iVaBsaE5s


Immigrants crush the border! "Article 42 Act" expires, chaos on the US-Mexico border
移民大舉壓境! 「第42條法案」失效 美墨邊境混亂｜方念華｜FOCUS全球新聞 20230511@tvbsfocus
https://m.youtube.com/watch?v=Bx7nVveJHKY

[winston]

Rickards: "Weird Gold Trick" Could End Debt-Ceiling Showdown

BY TYLER DURDEN

The Treasury could issue the Fed a gold certificate for the 8,000 tons in Fort Knox at $2,042 an ounce and tell the Fed, “Give us the difference over $42 an ounce.”

The Treasury would have over $500 billion out of thin air with no debt. It would not add to the debt because the Treasury already has the gold. It’s just taking an asset and marking it to market.

Source: Zero Hedge

https://www.zerohedge.com/markets/ricka ... paign=1486

[behappyalways]

Pt.1 Buffett warns that the American economic feast will end
'23.05.09【豐富│東南西北龍鳳配】Pt.1 巴菲特警告，美國經濟盛宴將結束
https://m.youtube.com/watch?v=vzGBYOe-5Vs


Pt.2 Will the US debt bomb detonate?
'23.05.09【豐富│東南西北龍鳳配】Pt.2 美國債務炸彈會引爆嗎？
https://m.youtube.com/watch?v=_g4H6UnF7NQ

[behappyalways]

Charts of the Week

This chart comes from the Cleveland Federal Reserve Bank, and what it is saying is that by April 2024 there is a 75.54% chance of a recession.

Meaning that we’re likely to already be in a recession by then, not that it is likely to start at that point.

https://www.macrovisor.com/p/charts-of-the-week-2ad

[behappyalways]

Empire Fed Manufacturing Survey Collapsed In April - Biggest Drop Ever (Ex-COVID)
https://www.zerohedge.com/personal-fina ... r-ex-covid

[behappyalways]

Debt Ceiling Negotiations Crumble, McCarthy And Biden To Hold Sunday Call As Impasse Intensifies
https://www.zerohedge.com/political/deb ... ntensifies