If Congress goes on their one-month vacation in August without coming to a deal on the United States public debt, I think the stock market goes into a downward correction. We may not even need to wait that long. Congress has about 6 weeks to come together and reach a deal to raise the debt 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. Obama 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 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 »
