Treasury debt information
Thursday, October 02, 2008
$431,270,863,309.37
That's America's "Interest on the debt outstanding" for the fiscal year 2008 - not ended.
20 years ago, it was $214,145,028,847.73.
Zgirl's "Better than nothing" blog explains why deflation would cripple the American government, so money has to keep pouring in and we have to hope that foreign creditors (including the equally busted Brits, it seems) continue to buy-in US Treasury securities.
How to come down from this perilous height?
20 years ago, it was $214,145,028,847.73.
Zgirl's "Better than nothing" blog explains why deflation would cripple the American government, so money has to keep pouring in and we have to hope that foreign creditors (including the equally busted Brits, it seems) continue to buy-in US Treasury securities.
How to come down from this perilous height?
Wednesday, October 01, 2008
If this is the pitch, the answer is "No".
I've just watched Democrat Senator Harry Reid try to sell the revised bailout bill, live on BBC News 24. He may have unfortunate body language, and until this minute I knew nothing about him; but I wouldn't buy a certified gold bar from him for an obviously forged red cent.
He refers to a major insurance company allegedly under threat, and a hypothetical example of a local Nevada bank safeguarded by increased deposit insurance. And as I've been typing this, I've been hearing Senator Hillary Clinton enunciating, in her hectoring, braying, bored voice, all the good reasons why "I" want this, that and the other and so should you.
Maybe they're just the world's worst salespeople, but I don't buy. Sorry.
He refers to a major insurance company allegedly under threat, and a hypothetical example of a local Nevada bank safeguarded by increased deposit insurance. And as I've been typing this, I've been hearing Senator Hillary Clinton enunciating, in her hectoring, braying, bored voice, all the good reasons why "I" want this, that and the other and so should you.
Maybe they're just the world's worst salespeople, but I don't buy. Sorry.
Your prediction?
So you think the USA has problems?
"European banks are generally more levered than their U.S. counterparts."
Paul Kedrosky (htp: Jesse)
UPDATE: the Daily Telegraph concurs.
Paul Kedrosky (htp: Jesse)
UPDATE: the Daily Telegraph concurs.
The $700 billion is to appease foreign investors?
More from iTulip
Eric Janszen gives us his take on the brouhaha:
This iTulip post describes the process whereby the current deflation may suddenly turn into inflation.
This one warns against Bill-bashing for its own sake, which may be cutting off your nose to spite your face - something must be done, he says, because the market does NOT self-correct. I would suggest that it might, if the government and banks hadn't "intervened" long ago to create a fiat currency. Once that's happened, we're playing the game for the benefit of bankers and politicians, and by their rules.
This iTulip post describes the process whereby the current deflation may suddenly turn into inflation.
This one warns against Bill-bashing for its own sake, which may be cutting off your nose to spite your face - something must be done, he says, because the market does NOT self-correct. I would suggest that it might, if the government and banks hadn't "intervened" long ago to create a fiat currency. Once that's happened, we're playing the game for the benefit of bankers and politicians, and by their rules.
Subscribe to:
Posts (Atom)