And from Naked Capitalism: Debt Ceiling Chicken and Trench Warfare – Yves Smith – In the US, despite all the media frenzy over the Federal shutdown, the attention of the…

…activities through debt rather than equity issuance — and to borrow money for stock buybacks. Economists almost universally bemoan the mortgage-interest deduction on efficiency grounds (and equality grounds). I really…

…to wait for inflation. But global debt accumulated, even emerging market debt, because interest rates were not normalizing in the US. The accumulated debt is a problem that hinders growth….

…a failure to raise the US debt ceiling in time to avoid a default. Trump has declared that Sec Mnuchin is responsible for this matter, which he should be, but…

…each country having no foreign debt. Nothing guarantees that. Another steady state is one in which the USA is a net debtor and services the debt with trade surpluses forever….

…to send public debt spiraling upward even faster. When treasury debt holders start to doubt our government’s ability to repay, or to attract future lenders, they will demand higher interest…

…relevant question is whether there are too many or too few government bonds in private portfolios. If private wealth holders are satiated with public debt and prefer other securities, it…

…measures to deal with the debt of low-income countries, including “access to more grants, concessional credit and debt relief, combined with better debt management and transparency.” A division of labor,…

…have authority beyond what Alan and a bunch of students and former students have. Greater than 980,000 people have signed a petition to remove the debt on them. Click om…

…$1400 checks will add to the public debt and we have no way of knowing whether a high debt to GDP ratio causes debt panic. Such panic would prevent public…