One can almost imagine ex-chairman Bernanke shaking his head in disbelief. (For the record, I cannot conceive of Simple Ben possessing the capacity for what follows, so this is an indulgence in creative writing
FOR the first time in 40 years, the government sector of the American economy has shrunk during the first three years of a presidential administration.…
Extended free summary excerpt The massive $50 billion Treasury bill paydown that the dealers and other holders received on April 16, augmented by a much…
The markets get a gift in the coming week. Depending on how strong tax receipts are, the Treasury will pay down as much as $48…
The following is the executive summary of this week’s report to subscribers.To read the reports risk free for 30 days (one time only), click here.…
The market managers ginned up some bogus bad economic news this week and were able to push Treasury yields down. The actual, not seasonally manipulated…
Tax receipts are not keeping up with the Treasury Borrowing Advisory Committee (TBAC) forecast.
The Treasury market, counter-intuitively, rallied after S&P downgraded US debt. It was a perverse buying panic. In spite of Thursday’s selloff in Treasury’s and poor…
As state budgets strain under huge debt loads, they are counting increasingly on “sin taxes”, one of the few reliable sources of revenue in these uncertain economic times. States have profited from the public’s voracious appetite for easy mo…
Sure is a lot of folk becoming disabled. Thinks its a racket?
Insolvency Looms as States Drain U.S. Disability Fund
In 2005, SSDI (Social Security Disability Insurance program) began spending more money than it brought in through tax receipts. A h…
