US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace by Wolf Richter • Jan 27, 2024 • 301 Comments The economy grew solidly. The debt spiked.
The Year of the Recession that Didn’t Come: Our Drunken Sailors Partied & Spent, GDP Jumped by Wolf Richter • Jan 25, 2024 • 100 Comments All major categories of spending and investment pulled in the same direction.
The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion by Wolf Richter • Jan 2, 2024 • 178 Comments Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress.
Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt? by Wolf Richter • Dec 20, 2023 • 111 Comments China and Brazil shed large portions of their holdings, but the top financial centers loaded up.
Interest Payments on the Ballooning Federal Debt vs. Tax Receipts & GDP: Not as Bad as in 1982-1997, but Getting There by Wolf Richter • Nov 29, 2023 • 76 Comments Our drunken sailors in Congress better head to the detox.
Anything Unusual in the Drop of the 10-year Treasury Yield? Despite the Hype & Hoopla, it Hasn’t Done Anything Special by Wolf Richter • Nov 2, 2023 • 88 Comments Volatility. Powell mentioned it too. The 10-year yield is hugely volatile, and the drop over the past few days fits right in. Have a look.
Tsunami of Treasury Issuance Will Shift from Longer-Term Debt to Short-Term T-Bills & 2-Year Notes amid Intense Navel-Gazing about Spiking 10-Year Yield. by Wolf Richter • Nov 1, 2023 • 59 Comments The Spiking 10-Year Treasury Yields Apparently Rattled the Government’s Nerves.
Marketable US Treasury Debt to Explode by $2.85 Trillion in the 10 Months from End of Debt Ceiling to March 31, 2024 by Wolf Richter • Oct 30, 2023 • 159 Comments Including $1.56 trillion in Q4 2023 & Q1 2024. Government has gone nuts.
Spectacle Ensues after 10-Year Treasury Yield Pierces 5%: Huge Demand Piles in, Yield Plunges 19 Basis Points in Hours by Wolf Richter • Oct 23, 2023 • 119 Comments Yield fixes all demand problems. You just have to hit the right number, and the right number today was 5%.
Why Longer-Dated Treasury Yields Spiked. It’s Not Magic: Yield Solves All Demand Problems by Wolf Richter • Oct 20, 2023 • 254 Comments Tsunami of issuance meets Fed QT, Skittish Foreign Buyers, and US buyers demanding to be compensated for the risks of out-of-control deficits in an inflationary environment.