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US Financial Health & The Debt Cycle
The economics of a country are basically the same as the economics of a company or an individual except the government has a ability to print money. Look at it like a company or like your own. Basically, it's projected to spend about $7 trillion, take in about $5 trillion.So, it's running a 40% deficit, 40% of its spending. It's been running deficits for a long time. So it has a debt that is 600% six times the amount of money that it takes in and we can project that number.The problem with debt cycles, they ...
US Oil Storage Tanks to Run Empty Around July 4, Currie Says
Bloomberg Television· 2026-05-06 13:59
When do storage tanks run empty. Parts of the world like Australia, Philippines, Thailand you are. But the question is when and where.You know, I still say that with you. You know, it's going to be, you know, sometime the month of May that you're going to end up with Europe hitting tank bottoms. And in the US it's somewhere in that July 4th time period, if not sooner.By the way, the inventories number coming out of the US, the ones we got last night, the ones last week, I've never seen anything like that be ...