Category: US Debt
The analysis published under this category are as follows.
Friday, July 17, 2009
Biden States United States Needs To Spend Money to Keep From Going Bankrupt / Politics / US Debt
By: Mike_Shedlock
Inquiring minds are flabbergasted over the latest comments from Vice President Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’
Thursday, July 16, 2009
California's Debt Crisis as Bond Holders Lose Confidence in the States Ability to Repay / Interest-Rates / US Debt
By: John_Browne
Bad for the Goose, Worse for the Gander - Last week, major banks announced they would no longer offer cash for the IOU's written by the state of California. At the same time, China proposed that the U.S. dollar be replaced as the world's official reserve currency. Although seemingly unrelated, these two developments have at their root the same issue: uneasy creditors.
Wednesday, July 15, 2009
Towards a Solution to the California Debt Crisis / Economics / US Debt
By: Global_Research
Ellen Brown writes: Four Wall Street banks, which received $15-25 billion each from the taxpayers, have rejected California’s IOUs because the State is supposedly a bad credit risk. The bailed out banks would seem to have a duty to lend a helping hand, but they say they don’t want to delay an agreement on further austerity measures. State legislators are not bowing quickly to the pressure, but what is the alternative?
Saturday, July 11, 2009
Debt and Financial Scam's- Six Syllables to a Savage Truth / Politics / US Debt
By: Stewart_Dougherty
On December 9, 2008, $65 billion of investor money was at peace. On the fear / greed seesaw that is said to characterize investor emotion, fear was down on the ground, while greed was high in the sky, having all the fun. Greed was earning a steady 1% per month, making fear look like an over-cautious fool.
Saturday, July 11, 2009
America is Now the World’s Biggest Debtor Nation / Economics / US Debt
By: Global_Research
Bob Chapman writes: The latest Treasury auction of $19 billion of 10-year notes was at a yield of 3.365%. The bid to cover was 3.28 to 1, the highest ever. This was the third of four sales this week totaling $73 billion.
Consumer credit fell $3.23 billion in May, as credit fell 1.5% to $2.5196 trillion from $2.522 trillion in April. Four monthly declines matches June-December of 1991. Big loans fell $400 million, or 0.3%. Revolving credit fell $2.9 billion, or at a 3.7% rate.
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Friday, July 10, 2009
Rising Interest Rates, the Governments Worst Nightmare / Interest-Rates / US Debt
By: DailyWealth
Brian Hunt writes: The government's worst nightmare is off the table for now.
Monday, July 06, 2009
Day of Reckoning for California and Ultimately for All of America / Economics / US Debt
By: Money_and_Markets
Martin Weiss writes: This is a day of reckoning for California and, ultimately, for all of America.
Will our nation’s largest debtors meet their massive financial obligations? Or will many ultimately default?
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Thursday, July 02, 2009
Independance Day as America Becomes More Dependant on Creditor Nations / Politics / US Debt
By: Global_Research
Danny Schechter writes: As Independence Day approaches, the question of the day remains—how Independent are we?
Our Declaration signed on a July 4th declared us so to be. And, dutifully, generations of Americans have believed we were and always would be. The late Michel Jackson even had us singing and thinking “We Are The World.”
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Wednesday, July 01, 2009
Is America Broke / Politics / US Debt
By: Douglas_V._Gnazzo
“The time is near at hand which must determine whether
Americans are to be free men or slaves.” [1]
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Wednesday, June 24, 2009
U.S. Federal Budget, Where Do The Dollars Drain? / Economics / US Debt
By: Global_Research
Emily Spence writes: In order to raise sales and personal royalty gains, Alan Greenspan, just prior to the release of his book The Age of Turbulence, carried out a public relations blitz dragged out for a whole week in which he made remarks similar to those conveyed in his hardback. These included statements such as “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.”
Monday, June 22, 2009
No Green Shoots of Economic Recovery with US Debt at 700% of GDP / Economics / US Debt
By: Phil_Williams
What have we learned in 2,000 years?
"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." -Cicero - 55 BC
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Saturday, June 20, 2009
The Great Reflation Continues Amidst a Tsunami of Debt / Economics / US Debt
By: Ty_Andros
In This Issue: Fingers of Instability, Part IV
Tsunami of Death, er….Debt
Banks, the New Healthy!
Character Assassination!
Green Shoots
Fall of Babylon
Capital Flight
Lessons from 55 BC
Monday, June 15, 2009
The $3.6 Trillion Leveraged Loan Wall of Debt / Economics / US Debt
By: Mike_Shedlock
The Deal Magazine has an interesting discussion about That Worrying Wall Of Debt.
Saturday, June 13, 2009
Ben Bernanke's Next Parlor Trick on U.S. Debt Financing / Interest-Rates / US Debt
By: Mike_Whitney
Ben Bernanke is getting ready to pull another rabbit out of his hat and he's hoping no one figures out what he's up to. Here's the scoop; the Fed chief needs to "borrow up to $3.25 trillion in the fiscal year ending Sept. 30" (Bloomberg) without triggering a run on the dollar. But, how? If the stock market keeps surging, investors will turn their backs on low-yielding US Treasuries and move into riskier securities hoping for better returns. The only way to attract more buyers to US debt is by raising interest rates which will kill the "green shoots" of recovery and make it harder for people to buy homes and cars. It's a conundrum.
Thursday, June 11, 2009
American's Trapped by the Insidious Web of Debt by the Poisonous Banking Cartel / Politics / US Debt
By: James_Quinn
Abby Normal
Dr. Frederick Frankenstein: [to Igor] Now that brain that you gave me. Was it Hans Delbruck's?
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Thursday, June 11, 2009
U.S. Government to Issue $2 Trillion of Debt This Year / Interest-Rates / US Debt
By: Axel_Merk
In our estimate, the U.S. Treasury will have to raise over $2 trillion dollars this year to finance new obligations. In addition, over $2 trillion in government debt held by the public is coming due and has to be re-financed this year.Read full article... Read full article...
Monday, June 08, 2009
U.S. Debt Crisis as Treasury Bond Prices Collapsing and Interest Rates Surging / Interest-Rates / US Debt
By: Money_and_Markets
Martin Weiss writes: Just as we’ve been warning, the United States Treasury is the next and largest victim of this great debt crisis.
Right now, the Treasury’s finances are collapsing … its bond prices plunging … its interest rates surging.
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Saturday, June 06, 2009
Huge Budget Deficit Producing New Debt to Force Interest Rates Higher / Interest-Rates / US Debt
By: John_Mauldin
The New, New Normal
A Different Perspective on Health Care
Staying Rich in the New Normal
We are coming to a critical inflection point, perhaps the most critical point that we have had in 70 years for the US and to a great extent the global economy. The choices we make (or that Congress and the Fed make for us) will affect not just our investment portfolios but business and our jobs for a very long time. Last week I talked about the three paths we face as a nation. I want to go back to that theme and expand upon it. You need to clearly understand what the risks are so that you can interpret the actions and data that will be coming at us in the next few quarters. I am feeling a little tired today, so I am going to take the liberty to reproduce Bill Gross's latest comments as well, which are somewhat in line with my own.
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Tuesday, June 02, 2009
Quarterly $1 Trillion Monetization / Interest-Rates / US Debt
By: Jim_Willie_CB
The rising long-term USTreasury Bond yield has captured attention. The breakout chart for the 10-year Treasury was pointed out here when it rose over 3.1%, hardly a high level. In the first week of May, a target of 3.5% was cited, one easily surpassed. It zoomed to 3.75%, enough to create some waves in the stock market distracted and preoccupied by nonsensical Green Shoots talk on the psychological side and by falsified bank balance sheets on the accounting side. Bigtime stress has come to the USTreasury complex, a story difficult to mask and conceal, since it is at the epicenter of the credit markets.
Monday, June 01, 2009
Soaring Debt, Class of 2009: You’re Screwed / Politics / US Debt
By: LewRockwell
Bill Bonner writes: Last weekend, we journeyed to Boston to attend a college graduation. Thousands of callow scholars were on display. Each was handed his papers…and then marched out of the hockey stadium. To the tune of “Pomp & Circumstance,” wearing a long, red robe, he entered the outside world solemnly…like a patsy joining a poker game.