The national debt in the U.S. is going to explode higher during a Trump Administration. My prediction is that by the end of Trump’s first term, the national debt will be more than $23 trillion. It took 240 years to build up the first half of our debt. Democrats and President Obama doubled that in (Read More….)
The US national debt just broke above $19.5 trillion. Both Democrats and Republicans are to blame, but it is important to note that President Obama and Democrats increased the national debt more than all President’s before combined.
George Bush exploded the national debt by $3 trillion in response to an imploding economy and 911. (Read More….)
Foreign countries are dumping US debt at an alarming pace. Foreigners dumped $54.2 billion in US Treasury bonds in just the last four weeks.
Since the start of 2016, foreign countries have sold more than $177.7 billion in US Treasury bonds, bringing the total to $2.827 trillion, the lowest amount of Treasuries held by (Read More….)
The velocity of money has hit the lowest level ever recorded as I wrote about here. I believe the crowding out effect is at least partially to blame for the slowdown in the velocity of money.
President Obama has run the national debt up to nearly $20 trillion, more than all President’s before him combined. (Read More….)
In 2016, foreign countries have dumped a shocking $192 billion worth of U.S. Treasury bonds. This dumping of bonds is the biggest selloff of U.S. debt since 1978.
China, Japan, France, Brazil and Colombia are the leading countries that are dumping U.S. debt.
U.S. Treasury bonds are the safest investments in the world. Countries often (Read More….)
The BOE restarted its QE bond purchases last week, or at least it tried to. The BOE could not find enough bonds to buy.
The first auction on Monday went fine but on Tuesday, the BOE fell £52 million short of its target to buy £1.17 billion in long-dated government debt.
What happened (Read More….)
The AFP reports they saw a letter from the EU Commission that calls on the EU to suspend structural funds to Spain and Portugal after both have failed to reduce their debt.
Structural funds are used to deal with regional economic disparities within the bloc.
European Commission vice president Jyrki Katainen said, “We remain at (Read More….)
While markets around the world have bounced back after Brexit, the same can not be said for Italy. Italy became the first victim of Brexit as Italian banks collapsed shortly after the UK voted to leave the EU.
The Money GPS published this video back in March about what a dire situation Italy is in: