Adam Taggart
By Adam Taggart on Mon, Jul 15, 2013 - 11:01am

Infographic: U.S. Government "Missing" Over $12 Trillion

Looking at the U.S. Government's own records, over $12.4 trillion has gone "missing," according to That's over 70% of our $17T national debt.

For the millions of American's who go through the stress and belt-tightening each year of preparing & paying their taxes, it begs the question Why bother? if the money is just going to be lost through mismanagement and/or fraud:

By Doug on Tue, Apr 23, 2013 - 4:29pm

Reinhart and Rogoff refuted

Interesting refutation of Reinhart and Rogoff.  Apparently even they (R&R) admitted they got their numbers wrong.

Given the prominence of their book, how does this refutation affect the way we think about public debt?  90% debt:gdp no longer a cliff, just a milepost.


By Doug on Thu, Apr 11, 2013 - 9:38pm

Fascinating interview with Carmen Reinhart

I was particularly struck by these observations:

SPIEGEL: The United States is very highly indebted as well.

Adam Taggart
By Adam Taggart on Wed, Jan 30, 2013 - 10:15am

New US T-Shirt Slogan: "The Government Took on $300+ Billion in Debt, And All I Got Was Negative GDP"

How can you spot the moment at which the Fed's efforts hit the point of diminishing returns?

A picture, as they say, is worth a thousand words. Or in this case, $312 billion USD.

From Zero Hedge:


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