Gregory Mannarino, AM 7/29/25
"The Convergence: An Economic Superstorm"
Comments here:
o
"Treasury said it will borrow over $1 trillion in the next three months. This is more than double what it expected to borrow just a few months ago. The announcement cited a lower cash balance in the Treasury General account (the government’s checking account, basically) and lower than expected tax receipts during the third quarter of the fiscal year."
o
"Convergence" generally means the act of coming together or uniting at a single point or in a common interest or focus, economically with inescapable consequences. It can refer to physical things like lines or objects moving towards each other, or to more abstract concepts like ideas or opinions becoming similar. In various fields, "convergence" has specific meanings."
A totally realistic video metaphor of the economic
superstorms converging on the good ship "World Economy"...
Full screen recommended.
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