Alea gives the lie to that lie. Italy!!!?…

…q/q annualized, while financial sector debt fell another 9.3%. However, total debt (of the domestic nonfinancial sector) grew 2.8%, as the federal and state and local governments grew debt 20.1%…

…the latest purchase with debt, pocketed that money and filed bankruptcy? Really, the US won’t pay it’s bills? Oh no, the nation is going Detroit? It’s a game folks. Don’t…

…Here is senator Mitch McConnell. “I think in this country, it’s important to remind people that we ought to pay our debts,” McConnell opined. “We all pay our debts. And…

…they really wanted was to establish the legitimacy of debt limit extortion.  I find this implausible.  I do not believe that the legitimacy of using the debt limit for leverage…

…US using their respective inflation-indexed bond markets (TIPS in the US). Notably, declining inflation expectations is not specific to the US. Of interest, the onset of the downward trend across…

…rollover Greek debt by enhancing the bonds. The new bond rate would be equal to Greece’s current borrowing rate on the EU/IMF/EFSF programs plus a variable factor linked to ‘an…

…the GOP attempt to label the Dems as the tax-and-spend party, the GOP turned out to be the tax-cut-and spend-anyway party. Government grew under Bush, even while revenues shrank. The…

…management and large scale bond and stock markets where corporation could raise capital. Consequently, it would seem to be a fair comparison to compare the performance of the US economy…

…purchased only two to three years ago, are now in mortal danger because of the debt piled on them by their private-equity buyers. Much of the bank debt is selling…