News outlets are circulating that the White House is “deeply frustrated” that the media is not glorifying the unseen success of Bidenomics. A source told the Hill that meetings are taking place to discuss how they can gaslight the public into believing that the Biden Administration has improved Americans’ financial situation. “The meetings are intended […]

Government officials do not understand why Americans are disappointed with Bidenomics. Biden’s own team did not realize the term “Bidenomics” was intended to mock the president’s policies and they have adopted it as their own. “Bidenomics is about growing the economy from the middle out and the bottom up, not the top down,” Joe Biden […]

We cannot let our national security be undermined in an attempt to weaken our efforts to modernize the IRS – efforts which reduce the deficit, improve customer service for Americans, and make sure that wealthy tax cheats pay what they owe. — Secretary Janet Yellen (@SecYellen) October 31, 2023 I have both good and bad […]

  ASIA:   China’s economy faces instability post-lockdown, with slowed trade and a substantial $9 trillion debt burden. Additionally, there’s a concerning issue with employing young college graduates, as the youth unemployment rate for ages 16 to 24 reached a record 21% in May 2023, compared to the US rate of 7.4% in the same […]

ASIA:   The US and China have established two working groups to discuss economic and financial matters, as announced on September 22. This decision was made by US Treasury Secretary Janet Yellen and Chinese Vice-Premier He Lifeng during their meeting in Beijing in July. The economic group will involve collaboration between the US Treasury department […]

Inflation was transitory. Now, the credit rating of the United States plummeting from AAA to AA+ by Fitch is “arbitrary,” according to Treasury Secretary Janet Yellen. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 129.05 points or -0.42% to 30,957.77 Shanghai decreased 50.23 points or -1.52% to 3,246.24 Hang Seng decreased 246.92 points or -1.25% to 19,431.25 ASX 200 decreased 3.40 points or -0.05% to 7,259.90 Kospi increased 10.47 points or 0.41% to 2,567.55 […]

ASIA:   China’s benchmark lending rates have remained unchanged for the ninth consecutive month in May, aligning with market expectations. The decision was influenced by factors such as a weakening yuan and widening yield differentials with the United States, which limited the potential for significant monetary easing. Although recent data indicated a slowdown in the […]

ASIA:   Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and less than forecast. On a seasonally adjusted month-on-month basis, NODX increased 18.4%, Enterprise Singapore data showed, versus the prior month’s 8.2% decline. Economists had forecast 1.7% growth. The trade […]