Month: November 2024

This is absolutely insane: The US government is projected to spend $13.0 TRILLION by 2029, according to IMF estimates. That’s nearly double the $6.8 trillion spent in Fiscal Year 2024.

For context: before 2008, government expenditures were 3 TIMES lower. Meanwhile, last month, the US posted its third-largest budget deficit in history — $1.8 TRILLION, or 6.4% of GDP. Right now, total federal debt has hit a new record of $35.9 trillion. So, here’s the question: what’s the endgame here? submitted by /u/FXgram_ [link] [comments]

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📉 Fed cuts interest rates: comments from UOB Group On November 6 and 7, 2024, at the Federal Open Market Committee (FOMC) meeting, the Fed unanimously decided to lower the target range for the federal funds rate by 25 basis points to 4.50-4.75%.

📉 Fed cuts interest rates: comments from UOB Group On November 6 and 7, 2024, at the Federal Open Market Committee (FOMC) meeting, the Fed unanimously decided to lower the target range for the federal funds rate by 25 basis points to 4.50-4.75%. This solution fully meets our expectations and the expectations of the wider market. 📊 According to UOB Group economist Alvin Liu, this decision underscores the Fed’s desire to continue its course of lowering rates without succumbing to political pressure. We will monitor further actions and market reactions! submitted by /u/Yuriy_UK [link] [comments]

🧠Smart money concept that works! 📊 Supply and demand trading is about placing your orders according to zones where the price tends to reverse due to various factors. It’s almost like support and resistance lines but more comprehensive and usually backed up by fundamental factors.

🧠Smart money concept that works! 📊 Supply and demand trading is about placing your orders according to zones where the price tends to reverse due to various factors. It’s almost like support and resistance lines but more comprehensive and usually backed up by fundamental factors. ⚡️ Usually, the price reacts sharply to supply and demand zones, meaning there is a lot of selling or buying interest. ➡️ But how do you know when to enter? That’s what the picture is about. Look for a rally-base-drop movement or other variations of it. The price tends to retest the base before moving toward the rally. 📍 These areas allow traders to implement a favorable risk-to-reward approach in trades. You can set a buy limit order before the price reaches the base, and the chart will do it for you. Notice that stop loss should usually be near the demand zone and below the supply zone. submitted by /u/Yuriy_UK [link] [comments]

The US Budget Deficit Is a Ticking Time Bomb.

The US budget deficit has reached crisis levels: Excluding interest payments, the deficit hit 5.8% of GDP in 2023 – the highest among all 38 OECD countries. The usual suspects like Japan, France, the UK, and Italy trail behind. To put this in perspective: the current US deficit is worse than during any past recession except for 2008, 2020, and the World Wars. Normally, a strong economy should mean more tax revenue and less government spending. In theory, deficit spending should be far lower when times are good. So, let’s ask the obvious question: Is the US economy really as strong as they say? submitted by /u/XGramatik [link] [comments]