…people to cluck their tongues about the Present Value of all that debt. But at this point in time a full 24% of that outstanding debt is represented by the…

…increasing the funding it is providing to banks and announced that, for the first time, it was willing to accept bonds backed by auto loans and credit cards. “In view…

…take these bonds instead.” It is true that, cet. par., the market value of the bonds being offered is about 25% the supposed economic value of the current ones. So…

…in the Eurozone undertaken for the Economic and Monetary Affairs Committee of the European Parliament by a team of authors that included Daniel Gros, Cinzia Alcidi and Alessandro Giovannini of…

…— can’t resist re-posting it over here for those who haven’t seen it. Red States Sucking the Federal Teat Just a reminder for all those red-state debt-ceiling hawks out there….

…cuts to take effect whenever Congress exceeded those limits. “We are going to put out a plan that gets our debt on a downward trajectory and gets us to a…

…First, I don’t think we need to do anything. That is, I think that under current law, the debt to GDP ratio will stabilize and decline. Obviously I shouldn’t just…

…a higher public debt to GDP ratio, via a shrinking GDP. Undoubtedly, some government expenditure is highly inefficient (although, in light of the plethora of private sector induced debt bubbles,…

…debt and SunCal instruments both of which are in default. If I understand the debt contract correctly (and pigs fly) JPMorgan has two claims on Lehman – that is the…

…the Debt Commission: Alternet: Obama Packs Debt Commission with Social Security Looters? Any feedback about the article or thoughts on the matter would be greatly appreciated. I run a watchdog…