ilmscore | “The Biggest Blunder In Treasury History”

“The Biggest Blunder In Treasury History”

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The US Treasury Department planned to borrow $776 billion for Q4 2023 spending.
"The treasury Department came out and said that they need to borrow an additional $776 billion to finance the government's spending for the fourth quarter of 2023."
US Government Debt
Pending
The US Treasury Department planned to borrow $816 billion for Q1 2024, a record for that quarter.
"The treasury Department also announced that they want to borrow an additional 816 billion for the first quarter of 2024 that would also be a record borrowing amount for the first quarter of a year."
US Government Debt
Pending
Wage growth has fallen to its lowest levels since the beginning of the pandemic, according to ADP data.
"The most recent data by ADP the pay providers said that wage growth is now Falling by the lowest numbers we have seen since almost the beginning of the pandemic"
US Economy
Pending
A slowing economy is predicted to lead to reduced personal income, job losses, and lower business profits.
"if we go into a time where the economy is slowing that means people stop making as much money people lose their jobs that means businesses make less profits"
US Economy
Pending
Continuing on the current trajectory, interest payments on US debt could constitute a significant portion of the nation's GDP within 5-20 years.
"if we stay on this trajectory we're going to be paying out a big chunk of interest that it will make up a huge chunk of our like our GDP"
US Government Debt
Pending
Government spending cuts could lead to job losses in construction and defense sectors, and potential business closures.
"if the government were to cut back on spending that means construction workers would lose their jobs that means some defense companies might go out of business that means some government jobs might go out of business"
US Government Spending
Pending
Government spending cuts might result in reductions to entitlements such as Social Security, welfare, and insurance benefits.
"that also could mean that some entitlements could go down that could mean you stop receiving some social Security benefits that could mean some welfare benefits go down that could mean some insurance benefits go down"
US Social Programs
Pending
Economic issues in 2024 and 2025 may present opportunities for financially prepared individuals to succeed.
"if we continue to see more economic issues in 2024 and 2025 you will have the ability to capitalize on them and come out a winner"
US Economy
Pending