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Debt watch

 
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1445

PostPosted: Thu Jul 07, 2016 12:21 pm    Post subject: Debt watch Reply with quote

This thread is for everything related to the unsustainable and unrepayable levels of debt today - whether it is Sovereign, Corporate or Household.
Here's a good primer:

Grant Williams: Crazy - A Story of Debt
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1445

PostPosted: Fri Sep 02, 2016 6:13 pm    Post subject: Reply with quote

It's those infamous words "Diminishing Returns" again this time it is being applied to debt.

Henry Dent: We've Reached the Zero Point of Debt Creation

Quote:
Ever since that disruption, the trends have pointed back down – making a beeline toward that zero point again.

Back in 2002, Swiss investor and market prognosticator Marc Faber published a similar chart. His findings showed the zero point for debt creation would occur around 2015. With updated data, we now see that the zero point will hit around the beginning of 2017.

In other words – right about NOW!

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raspberry-blower



Joined: 14 Mar 2009
Posts: 1445

PostPosted: Mon Feb 27, 2017 11:52 am    Post subject: Reply with quote

More on debt - this time on how it could derail Trump's economic plans:

David Stockman wrote:
As of the Daily Treasury Statement for February 17, for example, the public debt was $19.895 trillion compared to $18.99 trillion on the same date a year ago. When you factor in a slight gain in the Treasury’s cash balance to $262 billion, the math speaks for itself.


During the past year Uncle Sam’s “cash burn rate” was nearly $75 billion per month. That means Washington actually consumed $885 billion of cash during the last 365 days — or far more than implied by the official budget deficit of $587 billion for the fiscal year just ended (FY 2016).

It also means that once the tax collection season ends in April, it will be Katie-bar-the-door time on the debt ceiling front. When the latter becomes frozen into place on March 15 after the insidious Boehner-Obama debt ceiling “holiday” expires, there will not be enough cash to last the summer — even if the Treasury resorts to the usual gimmicks, such as temporarily divesting the trust funds.

So let this part be crystal clear.

What is coming down the track is the mother of all debt ceiling showdowns and the virtual certainty of government shutdowns and deferred payments to states, contractors and even some transfer payment beneficiaries


David Stockman: The Fiscal Horror Show Soon Playing in Washington

Expect lots of late night shenanigans and last minute deal bargaining and the sound of a steel toe capped boot kicking a can further down the road...
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