T-Room

The Best in Alternative News

Nails It – Economic Analyst El-Erian: The Era of “De-Globalization” is Here…

at

Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street). Charles Payne understands most of this, but El-Erian has it nailed. Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where […]

Economic Gaslighting: The Corporate Media Screeching Recession – the Battle Behind Wall Street-v-Main Street…

at

A “negative yield curve“; a pending “economic recession“. These are the obtuse and ridiculous proclamations of the Mainstream Corporate Media today. So let’s take a moment to discuss how stunningly -intentionally- disconnected they are. Always remember, there are trillions of dollars at stake; and these media entities have a vested interest in maintaining the Wall […]

Stocks Rally as U.S. Delays Tariffs on Key Chinese Imports…

at

U.S. stocks, especially shares of tech companies, and bond yields rallied Tuesday after the White House said tariffs on key Chinese imports would be delayed. Early in the day’s session, equities turned positive on a report that China’s commerce secretary agreed to conduct a phone call in two weeks with U.S. Trade Representative (USTR) Robert […]

Trump and Congressional Leaders Reach Sweeping Budget Agreement…

at

White House and congressional leaders on Monday clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels. The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes […]

IMF Outlines “Global” Danger from Trade War with President Trump…

at

An article from Reuters discussing the position of the International Monetary Fund (IMF) is interesting. Essentially the IMF is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the EU and to a lesser extent, Japan. Yes Alice, there are hundreds of billions […]

U.S. Has ‘very serious concerns’ that Facebook’s Cryptocurrency Libra Could Be Misused by Terrorists…

at

Treasury Secretary Steven Mnuchin has concerns about Facebook’s proposed cryptocurrency and its potential illicit use. In a press conference Monday, Mnuchin said Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars […]

Does China Have Enough U.S. Dollars to Survive the Trade U.S. Trade War…

at

The Chinese government is officially sitting on the world’s largest stockpile of foreign exchange reserves, but it has been scrambling recently to block backchannels for capital outflows as trade tensions with the United States increase. Beijing’s increasing scrutiny of the usage of the US dollar by Chinese companies and individuals, in the absence of any […]

Treasury Department Misses Congressional Deadline for Trump’s Tax Returns, Cites ‘Constitutional Concerns’…

at

The Treasury Department responded to a “final” April 23 congressional deadline set by a top House Democrat to turn over President Donald Trump’s tax returns with a letter detailing constitutional concerns, setting the stage for a possible court battle between Congress and the administration. The decision, which was widely expected, could potentially prompt House Ways […]

U.S. Treasury Secretary Says U.S. Preparing for ‘Hard Brexit’…

at

U.S. Treasury Secretary Steven Mnuchin on Tuesday told lawmakers the Trump administration is preparing for the possibility of a “hard Brexit”. “I think at this point we need to be prepared for a hard Brexit as a very realistic outcome,” Mnuchin said at a hearing of the U.S. House Committee on Financial Services. The United […]

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.