US National Debt Hits $32 Trillion, up $572 billion since Debt Ceiling Suspended. TGA Starts Refilling, Drains Liquidity from Markets by Wolf Richter • Jun 17, 2023 • 269 Comments Debt doesn’t matter. Until it does. And now it does.
Powell Caught in One Heck of a Squeeze: D, All of the Above is Also Possible by Craig Francis • Jun 12, 2023 • 181 Comments Debt has a nasty habit of ruling the financial world of any entity, whether it’s a household, business or nation.
US National Debt Spikes by $359 billion on 1st Day after Debt Ceiling Suspended. TGA Begins to Get Refilled, Draining Liquidity from Market by Wolf Richter • Jun 6, 2023 • 118 Comments The Fed’s QT is happening for the first time simultaneously with the refilling of the TGA. Both draw liquidity from markets.
Update on US Government Holy-Moly Debt, Interest Expense, and Tax Receipts, and How they Stack Up Against GDP by Wolf Richter • May 29, 2023 • 186 Comments We shoulda known better.
Short End of the Treasury Market Goes Totally Nuts. Doubts Creep in Over Debt Ceiling? by Wolf Richter • Apr 20, 2023 • 165 Comments The good folks in Congress are surely too worried about their own wealth, and sheer greed will keep them from pushing the US into default. But…
The “Extraordinary Measures” that the Government Uses in the Debt-Ceiling Farce to Delay a Default by Wolf Richter • Apr 3, 2023 • 189 Comments The government can manipulate the gross national debt to keep it below the debt ceiling while issuing new debt. But not for long. Then the game is over.
Status of US Dollar as Global Reserve Currency and Exchange Rates: Slow Long-Term Decline on Track by Wolf Richter • Apr 2, 2023 • 188 Comments But the Chinese Renminbi didn’t make any progress at all last year.
Can the Government Pay for its Spiking Interest Expenses? Time to Look at Interest Payments against Tax Receipts by Wolf Richter • Jan 14, 2023 • 180 Comments Inflation is an enemy of the people, but it’s a friend of government recklessness.
Can the Government Even Pay the Rising Interest Expense on its Gigantic Debt as the Fed Pushes up Rates? Yes. Here’s Why by Wolf Richter • Jun 27, 2022 • 282 Comments Higher rates eventually enforce a sort of discipline on the drunken party in government and even in the private sector. That would be a good thing.
Who Bought the Incredibly Spiking US Government Debt, Now $30.4 Trillion in Treasury Securities? by Wolf Richter • May 19, 2022 • 138 Comments A red-hot question in our iffy times.
