Category Archives: Government Debt
When the U.S. Treasury Bond Bubble Finally Explodes
The U.S. government borrows more than $40,000 per second. You’d think running up the credit cards at such a rate would be great fun. Yet, as far as we’ve made out, there’s nothing much fun about it. Who knows? Perhaps … Continue reading
Debt Default
There’s something both amazing and astounding going on. Last month, Standard & Poor’s lowered its long-term outlook for the federal government’s fiscal health from “stable” to “negative.” Since then yields on 10-Year Treasury Notes have dropped 18 basis points. Here … Continue reading
Something to Believe In
Something to Believe In “Congress is going to have to raise the debt limit,” said Treasury Secretary Timothy Geithner on Sunday’s Meet the Press. Poor Timothy Geithner. Aside from the President he must have the worst job in the world. … Continue reading
Washington’s Budget Cut Farce
Market analyst David Rosenberg of Gluskin-Sheff sees another recession storm appearing on the horizon. The dark clouds forming are rising food and energy costs. He doesn’t believe consumers will be able to weather their fury. Using a little historical analysis … Continue reading
