The loss of income from the redemptions comes to a cool $3.3Bn a year. That is chump change at SSA – but it will happen again next June when another chunk of high coupon paper rolls off the books. – Bruce Krasting
Post Tagged with: "interest income"
July 16, 2013 04:47
1% Growth: Fed Policy a Failure, Time for A Change
The fed continues the same policy initiatives even after it fails to get the desired results they were seeking at the outset of the programs.
September 10, 2012 05:50
FED Action Delays Retirement – Means Fewer Jobs for Young Workers
There is not a chance in hell that younger workers are going to prosper looking at this chart. As a result, future tax revenues will be less than planned. The economy will lag well below potential. – Bruce Kasting
