The public sector is leveraging up. The US is going deeper and deeper into debt. As it adds to the quantity of its debt outstanding, the quality should go down. And the price too. But it’s not. So, either the times are out of joint…or we are.
January 24th, 2012 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "federal debt"
US Debt… $15 Trillion and Counting…
And the US hits another milestone on the road to Hell. This, from Stephen Dinan at The Washington Times:
The Treasury Department said Wednesday that the federal debt has climbed to a record $15 trillion — a staggering figure that caps a precipitous decade-long rise.
November 18th, 2011 | Bill Bonner | 1 comment | Continued
Almost Every Mortgage Written Last Year Underwritten by US Government
And they took over the auto business too. They should be able to do for autos what they did for passenger trains. That is, they should turn Detroit into an Amtrak…
March 30th, 2010 | Bill Bonner | 0 comments | Continued
Inflation is Our Future
On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible.
September 30th, 2009 | Puru Saxena | 4 comments | Continued
