Today’s Daily Reckoning had a good piece (as usual) from Bill Bonner. He had an imaginary conversation with Tim Geithner about how to handle the debt bubble. I wish I would have thought of that, but I’m not known for being original. Here’s part of the conversation where Tim calls up Bill and asks [...]
Filed under: Economy, Political | Tagged: Bill Bonner, China, Daily Reckoning, Debt, deficit, Geithner, trade deficit, US Debt | Leave a Comment »
Make note of this date – March 18th, 2009. 100 years from now, historians will point to it as the day the United States of America sealed its’ fate. Today the United States shifted from a long slow decline into high gear – and nailed the accelerator pedal to the floor. There are several other [...]
Filed under: Economy, Political | Tagged: Bernanke, China, helicopter ben, Inflation, United States, US Debt | Leave a Comment »
At the current rate, at some point withing the next 24 to 48 hours, the US Government debt is going to hit $11 trillion. According to the US Treasury website “Debt to the Penny” as of right now (8:45pm EDT) we owe $10,951,578,308,859.02. Look at the Debt Clock at the top of this page for [...]
Filed under: Economy, Political | Tagged: government debt, Inflation, US Debt | 2 Comments »
Excellent post on Save Capitalism today about what we should have learned – but obviously didn’t – from the Lehman Brothers debacle. Here’s a snip: The saviour from the disaster of global economic collapse is government debt. It has served as a temporary cushion for the system to fall back on. The danger is that [...]
Filed under: Economy, Political | Tagged: Capitalism, Inflation, Lehman Brothers, US Debt | Leave a Comment »
I mentioned this just yesterday, and it looks like it’s quickly becoming a major issue. According to a story from Reuters today, Chinese Premier Wen Jiabao said “Whether we will buy more U.S. Treasury bonds, and if so by how much — we should take that decision in accordance with China’s own need and also [...]
Filed under: Economy, Political | Tagged: bonds, China, foreign reserves, monetary policy, US Bonds, US Debt | Leave a Comment »
Just read an interesting post on the Yahoo Tech Ticker site titled “Sum of All Fears: Stocks Slump But Bond Woes Are the Real Concern” and it mentions something that I haven’t talked about in quite awhile. Bond prices. You see, when we (the US Government) borrow billions and trillions to bail out bad companies, [...]
Filed under: Economy, Political | Tagged: bailout, bonds, Debt, interest rates, public debt, savings rate, US Debt, US ecomony, US Public Debt | 2 Comments »
