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The Golden Truth: Record Surge In Treasury Debt

The Golden Truth: Record Surge In Treasury Debt | Supreme Macro Challenge | Scoop.it
The most interesting data point of the last week was the one-day jump in the United States' Treasury debt outstanding, which soared by $328 billion the day after the debt ceiling agreement was reached.
Dirty Ray and the Gang's insight:

"The Treasury's debt is continually increasing which, if made aware to the public, not only lowers expectations and confidence in the market but also a decrease in government spending and (what is hopefully not) an increase in taxes, or a shift in fiscal policy to contractionary to put us at a realistic balance of GDP output, full employment, and government revenue.."

 

-Mackenzie Newby

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Proof That Obamacare Is Hurting the Economy

Proof That Obamacare Is Hurting the Economy | Supreme Macro Challenge | Scoop.it
Today’s jobs report shows the labor market recovery remains weak—and businesses are telling the Federal Reserve one of the main reasons is Obamacare.
Dirty Ray and the Gang's insight:

"Reason why the government shutdown was BECAUSE of the AFA... This will affect possible solutions in trying to solve the government shutdown because if Democrats are really pushing for AFA yet it is hurting the economy, they would need to change their perspective on how necessary AFA is."

 

- Mike Ventrella

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Global Economic Outlook Q2 2013

Global Economic Outlook Q2 2013 | Supreme Macro Challenge | Scoop.it

The global economic environment shows signs of improving, but in fits and starts. Troubling events keep getting in the way of an unambiguously positive story. Still, the story appears to be getting better. Financial market stress in Europe remains at manageable levels despite the crisis in Cyprus. In the United States, a substantial contraction of fiscal policy appears to be offset by other positive factors. In Japan, a new monetary policy holds promise of better growth.

 

Here are the highlights of this quarter’s Global Economic Outlook.


Via The Learning Factor
Dirty Ray and the Gang's insight:

What this article is showing is that the economy has been trying to recover since the recession but various detrimental economic issues have held it back and slowed any chance of recovery.  These problems include QE, foreign issues, and more recently the government shutdown.

 

-Dirty Ray

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The Learning Factor's curator insight, May 2, 2013 6:17 PM

The global economic environment shows signs of improving, but in fits and starts. Troubling events keep getting in the way of an unambiguously positive story. Still, the story appears to be getting better.

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Despite debt drama, US still outshining Europe - Reuters

Despite debt drama, US still outshining Europe - Reuters | Supreme Macro Challenge | Scoop.it
Despite debt drama, US still outshining Europe
Reuters
LONDON (Reuters) - If Wall Street's record high is a signpost, the U.S.
Dirty Ray and the Gang's insight:

"We're still doing better than Europe, which would help draw more European investors and raise our government revenue, leading to less of a debt and a rise in consumer confidence."

 

-Eugenius

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Treasury may have less room for maneuver in 2014 - CNBC.com

Treasury may have less room for maneuver in 2014 - CNBC.com | Supreme Macro Challenge | Scoop.it
The Obama administration was able to scrape up against the government's debt ceiling for five months this year before it came to the brink of default. It could have less breathing room in 2014.
Dirty Ray and the Gang's insight:

"Thinking about the future, in 2014 we may be faced with a dilemna about the national debt which may lower consumer confidence and expectations in the market, which could then affect GDP in a negative way."

 

-Mackenzie Newby

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Most FOMC Participants Saw QE3 Ending in 2013

Most FOMC Participants Saw QE3 Ending in 2013 | Supreme Macro Challenge | Scoop.it
Federal Reserve policy makers said they will probably end their $85 billion monthly bond purchases sometime in 2013, with members divided between a mid- or end-of- year finish.
Dirty Ray and the Gang's insight:

"This is what's out there now so if the Fed doesn't end QE until later in 2014, this would shock the market and depreciate the dollar (which hopefully the Fed doesn't do cause we need to taper off so we can finally rely on pure self-market-regulation again). It is important to note though that the depreciation of the dollar would raise our Net Exports though for a short period of time."

 

- Mike Ventrella

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Estimates of Nominal and Real GDP in the US for 2013-Q3 - Town Hall

Estimates of Nominal and Real GDP in the US for 2013-Q3 - Town Hall | Supreme Macro Challenge | Scoop.it
Town Hall Estimates of Nominal and Real GDP in the US for 2013-Q3 Town Hall Technically, we're going to forecast it, but then, since it takes the BEA three attempts before they finally get close to a good number, forecast values for GDP are...
Dirty Ray and the Gang's insight:

This scoop is about how the government shutdown is going to seriously affect the release of economic reports.  This site is attempting to predict the third quarter of U.S. GDP without the Bureau of Economic Analysis.

 

-Dirty Ray

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UPDATE 5-US crude slips below $100 for first time since July - Reuters

UPDATE 5-US crude slips below $100 for first time since July - Reuters | Supreme Macro Challenge | Scoop.it
Economic Times
UPDATE 5-US crude slips below $100 for first time since July
Reuters
U.S. oil demand higher in September - API. * Brent premium to U.S. crude heading for highest close since June 4. * Coming up: EIA oil data for the week ended Oct.
Dirty Ray and the Gang's insight:

"Oil prices lower as US demand for oil rises, which would significantly help consumers in transportation costs leaving more money for investing in the economy."

 

-Eugenius

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