Thoughts of John Melloy, Executive Producer, Fast Money: (7/25/11) In the eyes of China, the biggest foreign holder of Treasuries, the damage to this nation’s reputation as steward of the world’s safest asset may already be done, even if a last-minute agreement to raise the debt ceiling is hatched. The partisan infighting alone that’s brought the decision to the brink of... Read more
Archive for the ‘US Debt’ Category
Forget About Black Swans, the One Floating Ahead is Neon
July 23 | Posted by mrossol | Debt, Economics, US DebtNot sure why I haven’t seen anything close to this article yet. Right on the money! Forget About Black Swans, the One Floating Ahead is Neon – WSJ.com. You’ve heard of black swans—events that are unthinkably rare, immensely important, and as unpredictable in advance as they are inevitable in hindsight. Now, with no one ruling out a default or downgrade of U.S.... Read more
The most important point in market history
June 29 | Posted by mrossol | Economics, US Debtvia The most important point in market history Todd Harrison – MarketWatch. Article is just an opinion, but one more in the camp of caution and nervousness. === NEW YORK (MarketWatch) — I would like to start today’s vibe by making a statement: I want to be bullish in here. But I will follow that with an old-school axiom: Hope is not a viable... Read more
Don’t play politics with debt limit
June 15 | Posted by mrossol | Economics, US DebtBernanke: Don’t play politics with debt limit – MarketWatch. The FED isn’t the cause of all US problems, but Bernanke is not doing near what he might to help.
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Obama and the Debt Crisis
June 3 | Posted by mrossol | Obama, US DebtObama and the Debt Crisis – Noonan. Well…? =========== The debate in Washington is serious as a heart attack: whether the United States should raise its debt ceiling so it can borrow more money to stay afloat. The statutory ceiling on our national debt—our legal borrowing limit—is $14.3 trillion. That limit was reached, according to the Treasury Department, on May 16. Treasury says it can make do... Read more
