“It’s a slap upside the head of the government,” The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.
Post Tagged with: "Treasury bonds"
March 10, 2010 05:49
Beijing vows not to use U.S. debt for political gain – and they have a bridge they want to sell us
CBO expects U.S. publicly held debt to surpass $20 trillion at the end of fiscal 2020, reaching 90 percent of annual economic output. That is up from 40 percent at the end of fiscal 2008.
To finance this soaring debt burden, the U.S. government will have to depend on foreign investors, especially China, whose trade surpluses are likely to remain massive in the next decade.
February 25, 2010 16:48
Bernanke delivers warning on U.S. debt -Stage is set in U.S. for a Greek tragedy
With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.
