…~$240 billion to > $1,000,000,000. Up from 41% in 1989, 66% of all students now have an average debt of ~$27,000. The rise in average student debt is due to…

…said. But after suggesting that Sallie Mae typically sells those debts for 15 cents on the dollar, St. Peters abruptly changed course and refused to deal with Gokey and Debt…

14th Amendment to the U.S. Constitution: Civil Rights (1868) | National Archives, Section 4. “The validity of the public debt of the United States, authorized by law, including debts incurred…

…average future short term bond yields plus a risk premium. In fact the 10 year bond yield was roughly the only asset price which didn’t jump dramatically on the news…

…real loss of only about 80 percent. But Mankiw forgot one important element of calculating bond market returns. Much of the total return for bonds is the interest on the…

R.I.P. bond bull market, 1981-2016 On September 30, 1981, the 10 year US Treasury bond yielded 15.84%. It has not been that high since. On July 8, 2016, it fetched…

…the major change in trend for long bond yields. But if you want to identify the long run bottom in bond yields it would not hurt to monitor MZM velocity….

I have been monitoring  the close relationship between bond yields and monetary velocity ( personal income/zero maturity money) for years without coming to strong conclusion about what to make of…

…expects U.S. civil suit over mortgage bond ratings, New York Times (Feb. 4, 2013). The suit is expected to be brought in California and focus on about 30 collateralized debt…

…its debts, implying that other investors have less appetite for its securities. “Indeed, since debt levels began to scrape all-time highs and inflation rates started to chip away at the…