Trillion

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Leave a Comment / Economy / By

US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record Read More »

Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

Leave a Comment / Business / By

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’ Read More »

America's ticking time bomb: $66 trillion in debt that could bring down the economy

America’s ticking time bomb: $66 trillion in debt that could bring down the economy

Leave a Comment / Economy / By

Wake up, America. That ticking you hear is the US debt time bomb that with each passing day is about to explode and crash the US economy. Businesses, consumers, and especially federal and state governments have become addicted to red ink as if it were crack. Two factors fueled this borrowing frenzy: an era of …

America’s ticking time bomb: $66 trillion in debt that could bring down the economy Read More »

Banks are more than $1 trillion short of capital, analyst says, who fears shortfall will only get worse

Banks are more than $1 trillion short of capital, analyst says, who fears shortfall will only get worse

Leave a Comment / Business / By

The new year is fast approaching and one idea for where to invest is the banking sector, whose margins benefit from high interest rates, at undemanding valuations. This statement may surprise those who think that the US banking industry has about $2.2 trillion in capital. But it reduces that figure in several ways. First, he …

Banks are more than $1 trillion short of capital, analyst says, who fears shortfall will only get worse Read More »

Bond bulls gain $2.8 trillion this month after rebound

Bond bulls gain $2.8 trillion this month after rebound

Leave a Comment / Markets / By

(Bloomberg) – Global bonds rebounded in November, adding a record market value of $2.8 trillion, as investors bet central banks are keeping inflation under control. But how long the party lasts is another matter. Bloomberg’s Most Read Investment-grade government and corporate debt rose to a market value of $59.2 trillion from $56.4 trillion at the …

Bond bulls gain $2.8 trillion this month after rebound Read More »

The IRS says its 87,000 new hires could help raise up to $1 trillion, by forcing tax cheats to pay. But will more "fire-breathing dragons" really do the trick?

The IRS says its 87,000 new hires could help raise up to $1 trillion, by forcing tax cheats to pay. But will more “fire-breathing dragons” really do the trick?

Leave a Comment / Economy / By

The IRS says its 87,000 new hires could help raise up to $1 trillion, by forcing tax cheats to pay. But will more “fire-breathing dragons” really do the trick? Get ready, ultra-wealthy Americans: President Joe Biden wants you to start paying your share. Through the Cut Inflation Act, Biden plans to increase funding for the …

The IRS says its 87,000 new hires could help raise up to $1 trillion, by forcing tax cheats to pay. But will more “fire-breathing dragons” really do the trick? Read More »