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.
Update on US Dollar as Global Reserve Currency and the Impact of USD Exchange Rates & Inflation by Wolf Richter • Apr 2, 2022 • 199 Comments Dollar drops to lowest share in 26 years. Slowly but surely?
Who Bought the $6.5 Trillion in Treasuries Piled on the Incredibly Spiking US Debt in 22 Months? Who Holds the $30 Trillion? by Wolf Richter • Feb 17, 2022 • 210 Comments The question is particularly hot because Treasuries are now ugly instruments with the worst punishment yields ever.
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.
