Can the US Government Afford Higher Interest Rates? You Bet. $67 Trillion “Fixed Income” Assets Will Generate Higher Incomes & Tax Revenues, Boost Secondary Effects by Wolf Richter • Feb 6, 2022 • 328 Comments Bring them on. Financial Repression has a huge cost.
Incredibly Spiking US National Debt Hits Monstrous $30 Trillion by Wolf Richter • Feb 2, 2022 • 253 Comments And now the TGA is spiking again.
Treasury General Account Plunges by $100 Billion in One Week. How Close to Zero Will it Get? by Wolf Richter • Sep 30, 2021 • 112 Comments “Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
“Debt Ceiling Farce 2021”: Treasury General Account Plunges. Let’s See How Close to Zero Congress Will Let it Get this Time by Wolf Richter • Sep 5, 2021 • 208 Comments At the current rate of outflows, the out-of-money date is in mid-October. “Extraordinary measures” might extend it into November.
Who Bought the $5 Trillion Piled on the Monstrous US National Debt in 15 Months? by Wolf Richter • Aug 17, 2021 • 146 Comments A burning question in these crazy times.
Debt Ceiling Kicks in, Treasury General Account Plunges: Let’s See How Close to Zero it Gets Before Congress Ends this Farce by Wolf Richter • Aug 12, 2021 • 144 Comments OK, that was suddenly very fast.
The Dollar’s Declining Status as Dominant “Global Reserve Currency” v. the Dollar’s Exchange Rate by Wolf Richter • Jul 5, 2021 • 208 Comments Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.
Cash Gone Nuts: Treasury General Account Drops to $674 Billion, as Fed’s Reverse Repo Cash-Drain Hits $534 Billion by Wolf Richter • Jun 10, 2021 • 93 Comments A massive source of liquidity is approaching peter-out moment.
Who Bought the $4.7 Trillion of Treasury Securities Added Since March 2020 to the Incredibly Spiking US National Debt? by Wolf Richter • May 17, 2021 • 164 Comments The Fed did. Nearly everyone did. Even China nibbled again. Here’s who holds that monstrous $28.1 trillion US National Debt.
US National Debt Passes $28 Trillion, +$4.7 Trillion in 13 Months. General Treasury Account Down by $480 Billion in 2 Months, $620 Billion to Go by Wolf Richter • Apr 4, 2021 • 268 Comments What does it mean for the markets that the government now spends the proceeds from debt sales last spring that the Fed had monetized back then?
