Euros & Dollars: U.S. Debt Up $3 Trillion in One Year
Getting the numbers right is the first step toward closing the budget gap. Here is the first step; when will we see the next?
Getting the numbers right is the first step toward closing the budget gap. Here is the first step; when will we see the next?
The U.S. government has faced a sharp rise in debt costs in the past year—but that was only the beginning. The numbers presented here should scare Congress into debt panic.
There is a crawling erosion of confidence in U.S. government debt.
If this odd change in the yield curve continues, it will turn into an open vote of no confidence in U.S. government debt.
Buried in a pile of technical data are pieces of information that suggest investors are getting seriously worried about the growing pile of U.S. debt.
This welfare-state reform is perhaps too radical for many. However, it is designed to solve a radical problem, and radical problems require radical solutions.
In 2023, the federal government borrowed $2.5 trillion. So far this year, things are only getting worse.
The U.S. Treasury keeps selling a lot of short-term, expensive debt when long-term debt is demonstrably cheaper. Why?
If Congress decides to compensate NATO for insufficient European funding, they may have a run-in with the investors on the market for U.S. government debt.
There are two quiet trends at work in the market for U.S. debt that analysts normally do not pay attention to. They should: if these trends continue, there will be turmoil in the market.
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