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Deficits 101: What They Are, Why They Matter, and How They Impact an Economy
With headlines warning of “record deficits” and “unsustainable debt,” it’s easy to tune it all out. But now the noise is getting louder. President Trump has signed the One Big Beautiful Bill Act (OBBBA) - a sweeping deficit-financed package with permanent tax cuts and expanded spending. It’s projected to add nearly $3 trillion to the national debt over the next decade at current GDP growth rates1. At the same time, he’s pushing a “MAGA for Exports” agenda — aiming to shrink America’s trade deficit and bring manufacturing back home via tariffs. I wrote more on the pros and cons for Trump’s ... (full story)
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From scotiabank.com|Jul 12, 2025|1 commentA key week for macro and earnings risk lies ahead. The US earnings season begins in earnest and what it reveals could be pertinent to macro debates like tariff pass through. The ...
From kitco.com|Jul 11, 2025The gold market has managed to claw its way back above a critical psychological level heading into the weekend. But even as the precious metal continues to find support as a ...
From economics.bmo.com|Jul 11, 2025|5 commentsAll eyes will be on Tuesday’s CPI data as the Fed ponders the inflationary impacts of the tariffs and whether it can resume rate cuts in the Fall as the market currently expects. ...
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From breakingthenews.net|Jul 12, 2025|97 commentsUnited States President Donald Trump announced on Saturday his decision to impose 30% tariffs on goods from the European Union and Mexico, effective August 1. In the letters that ...
From cnbc.com|Jul 12, 2025|4 commentsPresident Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1. Trump revealed the new rates in ...
From marctomarket.com|Jul 12, 2025The dollar rose against most of the G10 currencies last week. The Australian dollar and Swedish krona were the exceptions. The Aussie was helped by the central bank's surprise ...
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