Tag Archives: Budget Deficit

Got Gold?

The Fed’s effective nationalization of the financial markets in the past week has spiked gold prices.  It does appear the first phase of the bear market and bursting of multiple asset bubbles is almost complete.  Phase 1, an initial massive deleveraging, … Continue reading

Posted in Germany, Gold, Uncategorized | Tagged , , , | 11 Comments

U.S. Treasury Borrowing & QE Forever

The U.S. Treasury recently released the December monthly statement, which put us to work crunching the data.  Note the Treasury is on an October-September fiscal year.  We are using calendar years in our analysis. Federal Borrowing From The Public The … Continue reading

Posted in Budget Deficit, Fed, Uncategorized | Tagged , , | Leave a comment

Spain facing fine over manipulating deficit data

We’re shocked, shocked to find out that governments manipulate their economic data.   Not! (click here if video is not observable)

Posted in Black Swan Watch, Euro, Fiscal Policy, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

10-year Spike: 70 Bps, 14 days

The rapidity of the spike in long-term Treasury rates  is starting to raise some eyebrows. The yield on the 10-year bond has increased 70 bps in just 14 days. We have identified thirteen similar moves, where rates initially spiked 70 … Continue reading

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Equities, Fiscal Policy, Politics, Sovereign Debt | Tagged , , , | 4 Comments

US Budget Deficit 9th Largest Economy in the World

After falling to a low of 2.33 percent on October 8th, the 10-day Treasury has sold-off closing today at a yield of 2.64 percent.  The recent high is around 2.83 percent, which we will be watching closely. To get a … Continue reading

Posted in Bonds, Commodities, Credit, Currency, Equities, Geopolitical, Gold, Monetary Policy, Policy | Tagged , , | 1 Comment