Who Owns the U.S. National Debt?
Monday May 15th, 2017 • Posted by Craig Eyermann
As of May 11, 2017, the total public debt outstanding of the U.S. government exceeds $19.8 trillion.
Political Calculations provides a summary of the major interests to whom the U.S. owes all that money, as...
The US government now has less cash than Google
March 13, 2017
Sovereign Valley Farm, Chile
In the year 1517, one of the most important innovations in financial history was invented in Amsterdam: the government bond.
It was a pretty revolutionary concept.
Governments had been...
Seeing inside Pandora's box....
The Obama-Boehner Debt Crisis
Blog/Sovereign Debt Crisis
Posted Mar 1, 2017 by Martin Armstrong
The debt deal struck by President Barack Obama and the then House Speaker John Boehner back in October 2015, was done purposefully to ensure that the debt crisis...
World’s largest hedge fund manager predicts bleak future for markets
February 9, 2017
There are lots of famous investors and hedge fund managers who are legendary stock-pickers.
Warren Buffet is a great example.
Others are hard-core quantitative analysts who...
Barack Obama's Fiscal Legacy
JANUARY 25, 2017
Now that the Obama Administration is officially finished, I thought that it was a good time to revisit a subject that I haven't posted on for nearly two years, a look at the debt associated with each administration since the beginning of the Kennedy...
Get ready for America’s new $29 trillion debt
July 28, 2016
According to Jacques Necker, everything was just fine.
The year was 1781, and Necker, France’s finance minister, had just published a report called Compte Rendu au Roi, an accounting of French public...
China’s debt problem is bigger than you think
By Sue Chang, MarketWatch 5 hrs ago
China’s bad loans are many times worse than what the official data are claiming, and the Chinese authorities do not have a strategy to tackle the problem, according to the latest research from...
"Don't Forget, I'm The King Of Debt, I Love Debt" - Trump Chimes In On Puerto Rico
In an interview with Wolf Blitzer, Donald Trump said that although he is the "king of debt", and that he "loves debt", he wouldn't bail out Puerto Rico.
Responding to whether or not Trump would bail out Puerto...
The United States of Insolvency
James Grant @grantspub
April 14, 2016
Grant is the editor of Grant's Interest Rate Observer
$13,903,107,629,266. Can the nation afford this much debt? James Grant offers his view
This much I have learned about debt after 40 years of writing and study: It is...
The New Middle Kingdom Of Concrete And The Red Depression Ahead
by David Stockman • April 11, 2016
No wonder the Red Ponzi consumed more cement during three years (2011-2013) than did the US during the entire twentieth century. Enabled by an endless $30 trillion flow of credit from its state...
Liquidity Death Spiral Traps Credit Suisse
Mar 23, 2016 8:46 AM MDT
CREDIT SUISSE GROUP AG-REG
ON CLOSING, MAR 24
Credit Suisse just got caught up in the same liquidity death spiral that has claimed a growing number of debt funds.
Some of the bank's traders increased holdings...
Here We Go Again: Government Ramps Up Borrowing As Private Sector Slows
by John Rubino on March 21, 2016 · 10 Comments
This morning, US existing home sales plunged and the Chicago Fed’s national activity index turned negative. Both are obvious signs of a slowing economy.
Why Debt Is Not Money
Gold’s main use, contrary to the belief of some, isn’t in jewelry or dentistry—although those uses are important. Its main use has almost always been as money. But gold’s ancillary uses are growing in importance because, given its physical characteristics, it’s...
The Dumbing Down of America
Johnny Silver Bear
(Editor's Note: As the editor of the Silver Bear Cafe, I spend most of my time researching current events. I explore the markets, the economic war that is being waged on the middle class, precious metals, the source of all the problems that exist...
Central Bank Fiddling With Prices Is A Bad Idea
Call me old fashioned, but I still think prices matter. I vividly recall the first time I studied those simple supply-and-demand graphs as a college freshman, and today, far too many years later, their basic logic remains...
What’s Uncle Sam’s Largest Asset? It’ll Haunt us for Years!
by Doug Short • March 11, 2016
A stunning chart.
By Doug Short, Advisor Perspectives:
Pop Quiz! Without recourse to your text, your notes or a Google search, what line item is the largest asset in Uncle Sam’s financial accounts?
The biggest force powering the stock market is starting to disappear, and it could be a huge problem
By Bob BryanMarch 12, 2016 6:00 AM
Since the beginning of the post-crisis bull-market run, the biggest buyer of equities hasn't been retail investors or institutions but companies themselves...