This past week, the Federal Reserve released their most recent report on consumer debt. It did not paint a pretty picture. Overall consumer debt increased by a sobering $10.3 billion for March. This brought it up to an all time high of over $4 trillion ($4.05 trillion to be exact). The chart below shows the year long trend in consumer debt: This means that through the conclusion of the first quarter in 2019, the total American consumer indebtedness rose at a yearly rate of 4.25 percent. Yet March's increase was a mere 3.1 percent. This March total actually came in… Read More

Last week, the U.S. Treasury revealed that it will not need to borrow so much money for the third quarter of 2019 as it had originally forecast. This had many people scratching their heads. The reason has nothing to do with the government reigning in its spending though. Reuters demystified the mystery in a cite from a Treasury official. His statement explained this as changes having to do with fiscal activity. The Treasury official put a positive spin on it with: "The fiscal change related to the Fed's plans to stabilize its massive portfolio of bonds relative to the size… Read More

The most recent Treasury Report is out and it reveals disturbing news. The net worth of the United States is now officially reduced to minus $21.5 trillion. The country's total national debt has catapulted up to pass $22 trillion. Every month, President Trump's administration adds to the debt pile with multiple billion dollar deficits. This graph depicts the shocking rise in national debt: The real question is: Can the government indefinitely sustain this debt fiasco? Economist and analyst Wolf Richter argues that the United States is in a select club of financially troubled nations. The U.S. shares the deteriorating financial… Read More

The key metric for U.S. manufacturing did not grow in March, data released this week revealed. This statistic followed two consecutive months of declines. Together, it led to the first quarterly production drop within the presidency of Donald Trump. This was especially disconcerting news as observing economists had forecast a minor rise in March's manufacturing numbers. For the first quarter of 2019, the factory production metric declined 1.1 percent on an annualized rate as the graphic below demonstrates: Reuters commented on the decline with their own explanation, stating: "Soft manufacturing and slowing economic growth reflect the ebbing stimulus from a… Read More

This past week the World Gold Council revealed that recent central bank purchases of gold bullion have reached a point not witnessed since year 2008 in middle of the Global Financial Crisis. This happened in January and February of 2019. Global central banks net bought an additional 90 tons of gold for the year's first two months, per the most recent report of the World Gold Council. Compare this amount of the yellow metal to only 56 tons in the two first months of 2018 and you start to understand why it is a big deal. This chart below shows… Read More