US debt ceiling
- Thread starter gosub
- Start date
Pickman's model
Starry Wisdom
Have you an opinion on the matter - I suspect you posted as you did to remind people you haven't gone away.
gosub
~#
Hard to say who is more fucked at the moment, property is falling in both (that's the basis for long term loans and backbone) and it ain't just lack of faith: China need dollar.. got outstanding payments to overseas investors to think about if nothing else Country Garden on brink of default as payment deadline nears. Meanwhile 30 year US mortgage rates...that's 2007 numbers
gosub
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Interest on U.S. Government Debt Continues to Soar
According to Bloomberg analysis, estimated annualized interest payments on U.S. government debt climbed past $1 trillion at the end of October. That amount has doubled in the past 19 months and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The increasing debt load...
gosub
~#
Oversupply of US debt leaves few takers for Treasuries
Issuance of $1tn-worth of government bonds in space of three months creates a glut as big buyers retreat
Not going to be a soft landing...can't be...Loads of the data they rely on to is headline then revise and that can only happen more in a Presidential election year.
Die Hard 2 was set at Dulles , had a bit about landing on badly calibrated instrumentation
gosub
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US govt tried selling ‘a bunch’ of 30-year debt, but failed
With the unprecedented surge in the United States national debt, economists have been warning about a potential debt crisis forming in the country.
finbold.com
Cat Fan
Cats and stats
It doesn't seem to be sustainable so it's either cut government spending on healthcare and benefits or let inflation run hotter for longer (destroys real value of debt).
Both are not going to go down well with the public in an election year.
Conclusion: the debt reckoning will come after the US election
Both are not going to go down well with the public in an election year.
Conclusion: the debt reckoning will come after the US election
gosub
~#
BBC Radio 4 - Waking Up to World Debt
Borrowing levels have soared during recent global crises. Will there be a reckoning?
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