Debt

A PRECARIOUS PERCH

The S&P 500 index has a profit multiple of 22 times earnings. Bonds are yielding less than zero, net of taxes and inflation. The Federal Reserve has raised rates 11 times. Payments on Variable rate mortgages are up 14% year-over-year. Foreigners control nearly 30% of our national debt. Add to [...]

BUDGET BUSTERS

From UNCLE SAM COOKS THE BOOKS  In 1789, Congress assumed the total Revolutionary War debt of $78 million. Since then, Congress has tried several times to set an overall ceiling on the amount of the debt outstanding. In 1946, $275 billion was set as the limit. It remained in effect until 1954. [...]

New Records for Money Supply and Debt 3rd Q 2004

09/01/2004 Total Gov’t Debt $7,372,572,002,165.00 09/01/2004 Money Supply(L)$9,255,169,195,204.00 This entire $9 trillion money supply was loaned into circulation from a basis of debt. It currently yields about $400 billion annum These federal reserve notes could be retired and replaced with [...]

Debt As A Blessing

Recent exhortation by popular financial gurus seems to follow a subject which I find ludicrous. The theme is simple in its elegance: Pay off your debts, save your cash, and live debt free. These ideas are really drawing a lot of attention in the financial press. With all due respect to the authors [...]

New Records for Money Supply and Debt 2nd Q

04/01/2004 Total Gov’t Debt   $7,162,025,763,951.47 04/01/2004 Money Supply(L) $8,950,610,201,151.00  My, oh my, all that debt! Well, the rallying cry in Washington is, “deficits don’t matter.” They are correct, to a point. Deficits matter only in regard to [...]

New Records for Money Supply and Debt 1st Q

01/10/2004 Total Gov’t Debt $6,849,715,229,636.36 01/10/2004 Money Supply(L) $8,861,215,320,000.00 Money supply is somewhat stabilized after dramatic increases in the first 3 quarters of 2003, look for further weakness. Government debt increased in typical fashion with an additional $500 [...]

New Records for Money Supply and Debt 4th Q 2003

10/28/2003 Total Gov’t Debt $6,849,715,229,636.36 10/28/2003 Money Supply(L) $8,899,715,130,000.00 New records once again. Money supply is growing at about $5 million a second while Government debt is increasing at a rate of only $1 million a second ! Hey, here is a great assignment for the [...]

New Records for Money Supply and Debt 3rd Q 2003

02/11/2003 Total Gov’t Debt $6,460,406,169,833.02 04/30/2003 Money Supply(L) $8,662,230,130,000.00  Welcome to a brave new world. Congress approved and the President has signed an increase in the debt limit. From $6.4 trillion to $7.38. The $984 billion increase is a record. Scary thing [...]

New Records for Money Supply and Debt 2nd Q 2003

02/11/2003 Total Gov’t Debt $6,460,406,169,833.02 04/30/2003 Money Supply(L) $8,662,230,130,000.00 As this is written, Congress is grappling with the tax cut and a necessary increase in the debt limit. Currently at $6.4 trillion, the limit must be raised a staggering 1 trillion just to last [...]

New Records for Money Supply and Debt 1st Q 2003

02/11/2003 Total Gov’t Debt   $6,403,775,445,922.86 02/11/2003 Money Supply(L) $8,641,210,350,000.00 I thought the debt ceiling was 6.4 trillion. I suppose it really is so much lip service. It is time, however, to raise the number again. Any guesses? How about 7 trillion? That would [...]
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