Post Tagged with: "debt levels"

June 30, 2013 11:12

Smoke And Mirrors Running Out — Depression to Follow

The government is in what is known as a debt death spiral. They must borrow money to repay prior debts. It is as if they are using their Visa Card to make an American Express payment. The rate of new debt additions dwarf any rate of growth the economy can possibly achieve. The end is certain, only its timing is unknown.

June 28, 2013 07:50

SEVERE (economic) Storm Warning

[W]e’re doing the same thing that led to the 2008 blowup — we’ve learned exactly nothing. In real terms our GDP is in fact contracting by about $500 billion a quarter, after adjusting for debt expansion — that’s $2 trillion a year, more or less. – The Market Ticker

February 8, 2011 14:36

U.S. Debt Crisis Could Explode at Anytime says former Treasury Secretary Rubin

Most dangerously, there is a risk of disruption to our bond and currency markets from the fear of much higher interest rates due to future imbalances or from fear of inflation because of efforts to monetize our debt.