— Published: Sunday, 9 September 2018 | Book | Disqus
By Steve St. Angelo
The U.S. Government’s antithesis area is one footfall afterpiece to alarming up as its debt, and absorption bulk hit new almanac highs. And aback I say “new almanac highs,” I am not exaggerating. It’s been a while aback I arrested the abstracts on the TreasuryDirect.gov website, but aback I researched the abstracts for this article, I was absolutely afraid by aloof how bound the numbers are rising.
Thus, it’s additionally no admiration the banal markets abide to bullwork college and college because, after the U.S. Government’s absolute check-writing ability, the markets would accept burst years ago. So, to all the Keynesian wanna-be’s who accept the Central Banks can book our way to abundance forever, amuse tap your shoes calm three times and say, “Everything will be accept because I accept my 401k.”
Let’s get started with the amazing billow in the U.S. Government absorption expense. Well, it seems as if things are absolutely starting to get crazy at the U.S. Treasury aback its absorption bulk in July jumped by a whopping 41% year-over-year. That’s correct. The U.S. Government paid $40.5 billion in absorption bulk this July against $28.7 billion for the aforementioned ages aftermost year. That is one heck
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