This photo was published by NYT and it precisely describes what I have shown in my previous two posts: Who are the largest holders of US Debt? and How US Federal Reserve threw money into the economy; Crisis revisited chronologically
Permanent link to this article: http://www.wealthson.com/1555/how-did-us-get-14-3-trillion-in-debt
Recent Posts
- Market dwindles with the increase in US’ debt ceiling January 1, 2013If the US falls off the so-called “fiscal cliff,” then the investors are anticipating stock market plunge in the state. The situation may further complicate if the White House is unable to knock a deal to increase the nation’s debt ceiling. However, the threat of default increases if the debt ceiling is not raised, and … Continue reading » […]
- Why is ‘GREXIT’ such a terror for financial world? May 28, 2012If Greece returns to the drachma there is a real risk that trade will break down. How will companies be treated? What happens to contracts that Greek companies made? Will they be honored in original form or also be subject to being redenominated? Can Greek companies afford the contracts after introduction of the drachma? This … Continue reading » […]
- Why Greece’s exit from EU is the end game? May 20, 2012Past 40 years has been a period of unprecedented economic growth. Humankind has probably never seen such a growth in entire history. Stock markets rising, banks lending at low interest rates, companies making big profits and general public having easy access to money to buy luxury cars, posh homes, holidays in exotic places around the … Continue reading » […]
- Greenspan says equity stimulus is driving economy ..no sir, markets are not economy!! May 2, 2012It seems Alan Greenspan, former chairman of Federal Reserve, is speaking ‘Bernankian’ language these days which precisely means ‘Fed is always right’. Here are few important things he said in an interview on Bloomberg: Fed rates didn’t cause housing bubble Stocks are CHEAP Equity stimulus is driving economy Equity stimulus is underestimated Housing markets a […]
- European Economic summary for 22nd March 2012 March 22, 2012Eurozone PMI Composite 48.7 – lower than expected. Consensus 49.6. Previous 49.3. Eurozone PMI Manufacturing 47.7 – lower than expected. Consensus 49.5. Previous 49.0. Eurozone PMI Services 48.7 – lower than expected. Consensus 49.2. Previous 48.8. Eurozone Industrial Orders s.a. -2.3% m/m – lower than expected. Consensus -2.2% m/m. Previous 1.9% m/m. Revise […]
- Why is crude oil going down again? March 10, 20122 weeks ago when crude oil was rocketing up, many analysts came up with different explanations why crude oil would reach $140 and some said it would go till $180. That doesn’t seem possible to me anymore. Firstly let us see why everyone was so upbeat on oil: US WOULD ATTACK ON IRAN SUPPLY SIDE … Continue reading » […]
- Ratings and Outlook of European countries by three major rating agencies March 10, 2012Let us see where these countries stand as per their ratings by rating agencies and find out who would go burst in which order. It seems Germany is the only country for which all the three rating agencies unilaterally agree on stable outlook. UK, Netherland and Austria are in stable zone. But look at the … Continue reading » […]
About Me
Name: Hitesh