debt

discussion
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 Masters-In-Accounting.org. 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:

discussion
Doug
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.

http://jessescrossroadscafe.blogspot.com/2013/04/realnews-debunking-rogoff-reinhart.html

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.

Doug

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

Fascinating interview with Carmen Reinhart

http://www.zerohedge.com/news/2013-04-11/carmen-reinhart-no-doubt-our-pensions-are-screwed

I was particularly struck by these observations:

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

discussion
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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