Bill’s Commentary:
“It’s always been about credit!”
Wall Street Is Sounding the Alarm on U.S. Debt. This Time, It’s Worth Listening.
“Is the U.S. Going Broke?”
Featuring an illustrated Uncle Sam with pockets turned inside out, that was the cover story of America’s most influential news magazine…in March 1972.
Sounding the alarm about a debt crisis has been great for companies shilling gold coins and fishy financial products but has made smart, sincere people look silly when nothing happened—financial markets’ equivalent of Y2K.
So why are several suddenly worried? Because the math is getting daunting with interest on the debt blowing past $1 trillion annually and Washington acting recklessly. Even people who have issued past warnings deserve a second (or third, or fourth) hearing.
Bill’s Commentary:
“This is not Britain specific, this is the predictable end game to the Keynesian Ponzi scheme…”
BOE’s Mann Warns of Tension Between Rate Cuts and Gilt Sales
Bank of England rate-setter Catherine Mann said there’s a tension between cuts to interest rates and efforts to unwind quantitative easing, warning her colleagues that bond sales risk stunting the economy by holding up long-dated yields.
Mann said Monday that the effects from the BOE’s run-off of its balance sheet of bonds cannot be easily offset by rate cuts as they influence short and long-dated bond yields differently.
BillHolter.com 
Thank you pamelamoves@gmail.com
LikeLike
Look below.
LikeLike