Tax Cuts will Balloon US Debt to 120% of GDP, but Boost to Economy will be “Short-Lived” by Wolf Richter • Nov 7, 2017 • 57 Comments US is the “most indebted AAA-country” and runs “the loosest fiscal stance,” but the dollar as Reserve Currency still props it up: Fitch
US Gross National Debt Spikes by $640 billion in 8 Weeks by Wolf Richter • Nov 4, 2017 • 97 Comments But the debt-ceiling charade is back.
Markets Throw Hissy-Fit about US Default by Wolf Richter • Sep 5, 2017 • 69 Comments With peculiar consequences.
What Will Markets Do if Congress Pushes US into Default? And “Trump Nationalism” Faces the Globalist System by Wolf Richter • Sep 4, 2017 • 80 Comments Wolf Richter on “This Week in Money.”
Fitch Threatens US with Downgrade by Wolf Richter • Aug 23, 2017 • 59 Comments Did it forget how the US government hounded Standard & Poor’s?
US Gross National Debt to Spike by $800 Billion in October? by Wolf Richter • Aug 21, 2017 • 111 Comments The other option: too ugly to even imagine.
Puerto Rico Triggers Largest Ever US Muni Bankruptcy Process by Wolf Richter • May 3, 2017 • 52 Comments “We’re going to protect our people”: Governor Rosselló. Hedge funds reel.
Foreign Governments Dump US Treasuries as Never Before, But Who the Heck is Buying Them? by Wolf Richter • Feb 9, 2017 • 44 Comments There’s now a special math for NIRP refugees in Europe.
China’s Holdings of US Treasuries Plunge at Historic Pace by Wolf Richter • Jan 18, 2017 • 49 Comments A toxic trifecta for bondholders.
How Bad Will the “Bond Massacre” Get? by Wolf Richter • Jan 4, 2017 • 41 Comments Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”
