“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?
What’s Behind the Huge Spike in Reserves, a Liability on the Fed’s Balance Sheet? by Wolf Richter • Mar 12, 2021 • 179 Comments The New Regime at the US Treasury Department.
Treasury Market Had a Cow, Mortgage Rates Jumped, Wall Street Crybabies Clamored for Help, But the Fed Smiled Satisfied Upon its Creation by Wolf Richter • Feb 27, 2021 • 207 Comments Junk bonds still in la-la-land as investors chase yield – risks be damned.
Who Bought the $4.5 Trillion Added in One Year to the Incredibly Spiking US National Debt, Now at $27.9 Trillion? by Wolf Richter • Feb 17, 2021 • 173 Comments Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings.
