trillions – DIGIT INFO

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

DIGIT — Sun, 09 Apr 2023 15:30:37 +0000

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]

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Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

DIGIT — Wed, 05 Oct 2022 14:00:07 +0000

A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise […]

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New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year

DIGIT — Tue, 14 Sep 2021 11:30:47 +0000

Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the […]

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US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey

DIGIT — Mon, 09 Aug 2021 23:00:54 +0000

The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have reached the highest level since 2013. New York Fed’s Survey of Consumer Expectations […]

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6 Stimulus Packages Have Been Proposed to Provide Second Direct Payments to Americans

DIGIT — Sun, 11 Oct 2020 19:30:45 +0000

Six stimulus packages have been proposed to provide second stimulus checks for Americans. The latest proposal came from the White House on Friday. Several stimulus bills are being discussed as Americans hope to soon receive another round of direct payments to help them through the coronavirus pandemic-led economic crisis. 6 Stimulus Packages Proposed With Second […]

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Fed Chairman Claims ‘Now Is Not the Time’ to Worry About the Federal Budget

DIGIT — Wed, 07 Oct 2020 12:00:22 +0000

According to the Federal Reserve Chairman, Jerome Powell, the road to economic recovery is far from over and the Covid-19 pandemic has fueled the tragedy. During his speech at the National Association for Business Economics annual meeting, Powell highlighted that the federal budget was essentially a disaster, but stressed that “now is not the time […]

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Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low

DIGIT — Fri, 31 Jul 2020 01:30:06 +0000

Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. Meanwhile, bank indexes show that financial institutions […]

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EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

DIGIT — Thu, 23 Jul 2020 00:34:58 +0000

The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will […]

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Generations of Debt: US Taxpayers Held Liable for Federal Reserve’s $6.9 Trillion Balance

DIGIT — Wed, 20 May 2020 18:40:18 +0000

The central banking system in the U.S. and the country’s megabanks have manipulated the economy for quite some time and these days, the coronavirus has been a great excuse to create trillions for stimulus. A recent report from the analysts at Wall Street on Parade indicates that American citizens could be responsible for 98% of […]

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Trillions of Dai Required in Future to Maintain Maker’s Current Value

DIGIT — Thu, 07 May 2020 05:50:47 +0000

Crypto analysts AlfaBlock claim that the MakerDAO protocol will need to host several trillion Dai by 2040 to maintain its current market capitalization.

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