…overleveraged company that is less stable and has to use more of its cash flow to pay off the debt. One result of excessive debt is that expenditures for maintenance…

…“return to mother” is Sumerian-speak for “jubilee”–as in “debt forgiveness” or “freedom from debt.” Here’s how David Graeber explains it in his brilliant book Debt: The First 5,000 Years: …Sumerian…

…“business confidence” and the usual consequences, “debt deflation” and “debt peonage.” Somebody must take a loss on the economy’s bad loans – and bankers want the economy to take the…

…yet bought the house. The banks came along and bought the debt, Locked in a spread that yielded great net. They thought the bonds were Triple A, Or so the…

…issue preferred stock to the government later, the sources said. This would presumably be the reverse of the deal with The Big C: “equity” for debt. Again, a sign that…

…roughly the GDP of the US for the year, and dollars are being added as we speak…we are at 76% debt/GDP ratio approximately without considering state and local debt. There…

…and to pay down the debt. In 2007, the surplus was going to be so big that there wouldn’t be enough retiring bonds to pay off. By 2010, debt was…

…bond issuance and OMOs), and other sovereign- (and bond-)issuing governments worldwide, and account for flows to and from those sectors, I don’t think the statement is true. Because: “government saving”…

…this incomprehensible, I think Dan Kervick makes the key point in his comment on Matthew’s post: a significant portion of monetary saving is just used to purchase government bonds I…

…on the 0.2% trend displayed earlier in the cycle. So basically it looks like the headline numbers are overstating the weakness. Interestingly, my bond valuation model still says that the…