The ECONOMY Part Deux

20,167 Views | 317 Replies | Last: 10 hrs ago by ProBonoBear415
Aunburdened
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The next time somebody posts an article from Politico, please understand what they are all about

ProBonoBear415
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Consumer spending in the US is now more heavily concentrated among the wealthiest households than at any point in decades.

According to Bank of America, the top 10% of earners spend as much on discretionary items as the bottom 70% combineda sign of how the so-called K-shaped recovery has intensified since the pandemic. Moody's Analytics, analyzing Federal Reserve data, found these high-income households, earning $250,000 or more, drove 49.7% of all consumer spending, up from 36% thirty years ago.

Affluent Shoppers Drive Nearly Half Of US Retail Spending
ProBonoBear415
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The U.S. Treasury has been borrowing $155 BILLION EVERY MONTH OF THIS FISCAL YEAR.

That's $39 BILLION PER WEEK.

That's roughly $100 Billion more than the same period in 2025.

No wonder why rates are EXPLODING HIGHER!

2 year yield: 4.30%

10 year yield: 4.65%

30 year yield: 5.15%


U.S. Treasury has borrowed $155 billion every month of this fiscal yearand is now paying $24 billion a week in interest on its debts
 
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