Poor Demand For US Treasury Bills Because of Obamacare
The first warning was in mid February, the bad news was that led by China, foreign countries dumped U.S. Treasury bills at a record rate in December. The worry was that the weak marketplace lead to a rise in interest rates to make the bills more attractive to investors. The interest rate rise which could be the beginning of an inflationary period. According to the Treasury Department foreign holdings of U.S. Treasury bills fell by a record $53 billion in December. That topped the previous record drop of $44.5 billion in April 2009.
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Insult to Injury
We should really be insulted, if it turns out to be true. The Obama administration’s Labor Department released jobless data that was surprisingly not horrific. Caviar was served. Champagne flutes clinked. All was sweetness and light at the White House. The number of job losses was smaller than expected. CNBC looked into the data and doubted the numbers. It seemed inconceivable the number could be | Read More »
The Agent Orange of our “green shoots” Economy
One of the central points in Senator Gregg’s op-ed about our debt is his warning about the Chinese government not buying our debt: If the Chinese start to reduce their purchases of our government securities because of our need to borrow increasing amounts of money to finance all the spending that the president has proposed, we will have to start offering higher interest payments to | Read More »
Tags: "Cap and Trade"
, Health Care Reform
, interest rates
, President Obama
, printing money
, The White House
, Treasury bills
, value of the U.S. dollar