US Debt Ceiling

[farmerge]

good ! the Yanks need better entertainment now Disney has become a Woke refuge

First it was R Reagan the C grade actor, then The Trumpet and now Sleepy Joe, who or what will be next.

 

[farmerge]

The latest treasury auction did not go well.
regardless of what the Fed does with their rate sets, the market is telling the US guvmint that if they want more money, it will coat the current and future taxpayers a lot more money.
Mick
View attachment 165569

To me that looks and reads like bankruptcy.

 

[Smurf1976]

First it was R Reagan the C grade actor

On economics he was orders of magnitude better than current or recent US presidents.

Well, at least his words made a lot more sense:

 

[divs4ever]

First it was R Reagan the C grade actor, then The Trumpet and now Sleepy Joe, who or what will be next.

well RFK is liable to end up a crime-victim ( starring in a murder mystery )

am not sure who is running as a 3rd party or independent

but the Trump term ( in various places ) showed Presidential directives are ignored at whim ( whether an Obama or Trump Executive Orders )

so 'the deep state ' is doing whatever it pleases , until the US citizens say 'no more ' ( deep state ' )

maybe Biden is just jealous that Xi actually has some control of his country

 

[divs4ever]

To me that looks and reads like bankruptcy.

ho-hum they have been bankrupt before , morally , financially , at worst they will be forced to redifine 'bankruptcy '

given they splash around unilateral sanctions ( on anyone they please ) why would you buy their debt ( Xi thought they had already bought Biden )

 

[mullokintyre]

I was looking at the US debt ceiling yesterday, and marvelled at how it now tops 34 trillion, with little liklihood that it will ever be all paid back.
However, it go me to thinking exactly who was owed all this debt.
Much has been mad of China in turn accruing then dumping US debt, but when you look at the breakdown, it is somewhat surprising (well it was to me!).
The biggest component at 20% of the debt is part of the intergovernment agency debt.
The next biggest at 17% is the US citizens and corps that hold savings bonds.
Next biggest at 15% (but probably less since this was put together)was our old mates at the US Fed.
Then we get down to Mutual funds depostory institutions pensions funds etc.
Indeed, nearly 80% of US debt is held within the USA.
Japan, rather than China, is the biggest foreign coutnry ownership at 3% followed by China at 2%.
From Visual Capitalist.

Mick

 

[divs4ever]

I was looking at the US debt ceiling yesterday, and marvelled at how it now tops 34 trillion, with little liklihood that it will ever be all paid back.
However, it go me to thinking exactly who was owed all this debt.
Much has been mad of China in turn accruing then dumping US debt, but when you look at the breakdown, it is somewhat surprising (well it was to me!).
The biggest component at 20% of the debt is part of the intergovernment agency debt.
The next biggest at 17% is the US citizens and corps that hold savings bonds.
Next biggest at 15% (but probably less since this was put together)was our old mates at the US Fed.
Then we get down to Mutual funds depostory institutions pensions funds etc.
Indeed, nearly 80% of US debt is held within the USA.
Japan, rather than China, is the biggest foreign coutnry ownership at 3% followed by China at 2%.
From Visual Capitalist.
View attachment 193439
Mick

China dumping , or letting it mature and taking gold ( and silver ) delivery instead of dollars , i suspect that is what is happening currently with very little new Chinese buying of Treasuries