Muni bond yields jump as states' fiscal woes worsen
Yields on tax-free municipal bonds are soaring again, pushed up in part by deepening budget woes in California and other states ... against default on California state debt than on the Mexican government’s debt. As investors ... and local government agencies -- will have trouble making debt payments. Although few analysts [more...]
Date: 2008-12-11 02:40:13
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How Government Grant Relieves From Debt?
Americans have a superb advantage of the government grants. People may have financial problem sometime in life. And many people go for borrowings. In order to pay off those borrowings, they borrow some more money and likewise the debt starts piling up. But thanks to government grant programs that you can become debt free or at least reduce [more...]
Date: 2009-01-14 19:20:03
Government debt — who will pay?
“The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. [more...]
Date: 2009-09-24 04:57:10
How Can We Save Our Debt-Swamped Government? [Your Government]
The United States is $10.2 trillion in debt. Like countless Americans, ... in debt and I only make $2.5 trillion per year, and now this Bernanke jerk put me on the hook ... all my stuff. Please, what can I do? Calm down, Jim. You too can escape from debt by following a few basic [more...]
Date: 2008-10-11 22:00:00
Housing Market Might Not Bottom Until 2010, Report Says
Economists Kenneth Rogoff of Harvard and Carmen Reinhart of the University of Maryland have a particularly grim view of the economic outlook ... market rebound isn’t in sight, the unemployment rate could exceed 11% and government debt ... Industrial Average below 6500 before this is done. Moreover, government debt reaches 86% of gross [more...]
Date: 2009-01-05 13:33:35
Financial Freedom Awaits
It is often times hard to change the way you spend money and be able to save some for future expenses ... those debts. With experts in the field of debt consolidation and government debt consolidation loans ... with our budgets and as a result we become slaves to the lender. There are many ways to get out of debt [more...]
Date: 2008-11-26 02:05:41
TARP II Demands Real, Thorough Debate
On Monday, President Bush made a request on behalf of the incoming administration to release the second half of the $700 billion that Congress ... when we are just about to begin consideration of a $1 trillion stimulus plan. The last thing we need is more debt upon debt ... the federal government should help do that. But as we consider spending another [more...]
Date: 2009-01-15 19:20:26
Collapse and Ruination from Gluttonous Growth
by The Mogambo Guru I was sitting outside, looking up at the stars, and wondering how many planets circle those billions of twinkling lights, ... for repayment until that day when the collection agency finally decides to just write the whole damned ... it to buy the new government debt so that the government could spend the money to satisfy [more...]
Date: 2008-12-18 19:21:05
Use Government Grants and Scholarships to Rid Yourself of Debt and Bills!
The government has put a plan into place to help ease up the effects of the crisis on lower income families. The definition of lower income families may not be as low as most people think. If a family earns less than $30,000 a year, then they are eligible to apply for some of these grants. There are a number of grants that are available depending on your personal circumstances and there are also programs specifically designed to help various groups of people. [more...]
Date: 2009-09-18 12:52:18
Theological Science* Reveals Theological Inconsistences in Our Thoughts About Monotheism, VIIIg (Economics)
In my last blog, I showed that the U.S. economy has been become a permanent ‘stabilized economy’ after the assassination of Abe Lincoln ... sources.If these government investments continue, the government debt should eventually become zeroed-out. At this zeroed-out time, annual government investments will be returned annually through the tax [more...]
Date: 2009-01-12 17:38:00
Terengganu’s debt soars despite return of royalties
Terengganu’s debt soars despite return of royalties One night, when I was unable to fall asleep, I opened up the Auditor-General’s report, ... , the state government’s debt to the federal government has been rising during the same period: 2003 - RM891 ... These are largely due to federal loans, taken out for water supply and low-cost housing projects. [more...]
Date: 2009-01-15 11:31:06
Economic Potpourri December 14, 2008
The barrage of noteworthy economic news continues unabated. Here are a few headline news reports of interest from the past couple days ... of U.S. government debt outstanding rose to $10.7 trillion in November from $9.15 trillion a year earlier ... people continue to flock to the U.S. government debt market because it’s the biggest and deepest [more...]
Date: 2008-12-15 02:30:00
New Brown plan; too little, too late
Now he comes, bestriding the country as a Colossus amongst men. Prime Minister Brown has a new plan, known as plan z1.1 or something ... to get this far, several bank failures and the future enslavement to debt repayment ... that the Government will do debt for equity swaps in small businesses. This is a very bad idea. Small [more...]
Date: 2009-01-14 00:01:00
Will Obama Nationalize U.S. Private Pensions?
Earlier today I received an email from a concerned member of the Sovereign Society: " ... . In 2001 Argentina defaulted on $95 billion worth of government debt after a three-year economic meltdown that left Buenos Aires in bankruptcy. At the time, that was the biggest government debt default [more...]
Date: 2009-01-16 02:42:07
Gordon's Big Porkie
At PMQs Gordon told Dave that around the world "no one except him is proposing we cut public spending at this time" ... on government debt within the next five years. If government spending is not controlled, Gordon really ... : Cameron was wading into the VAT reduction (at a national cost of £12bn it's giving two packets of crisps [more...]
Date: 2009-01-14 08:29:06
Debt management firms set for regulation?
The government is launching a consultation into debt management companies which could see the sector become regulated. Debt management firms typically offer to condense your payments to an affordable monthly amount and will negotiate with your creditors to get them to agree to lower your payments. read more [more...]
Date: 2009-09-18 11:54:54
U.S. Government's Debt Problem
Although Treasury bond prices have come off the boil in recent days, yields remain substantially below where they were two months ago ... packages have set the stage for a massive increase in federal government debt issuance in the months [more...]
Date: 2009-01-07 07:11:29
Correcting Mistakes and Punishing Errors
It is a gray morning, here in London. We sit in the building with the golden balls, look out the window, and wonder… …how does it all work? We’re doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes – 2001-2007 – but not other times? How come the Japanese were not able to increase consumer prices? Even now… Japan’s inflation rate is negative. [more...]
Date: 2009-09-28 18:02:03
The Year of Yield
With 2008 having proved a humbling experience for most of the market, many investment managers are embracing a strategy that gives them, at least, some guarantee for returns. And that means a focus on corporate debt, which offers yields at high spreads when compared with government debt, as well as dividend-paying stocks, many [more...]
Date: 2009-01-02 17:48:49
The Year of Yield
With 2008 having proved a humbling experience for most of the market, many investment managers are embracing a strategy that gives them, at least, some guarantee for returns. And that means a focus on corporate debt, which offers yields at high spreads when compared with government debt, as well as dividend-paying stocks, many [more...]
Date: 2009-01-02 18:59:12
We Expect No Recovery from the Economy
It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder... ..how does it all work? We're doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes - 2001-2007 - but not other times? How come the Japanese were not able to increase consumer prices? Even now...Japan's inflation rate is negative. And why is it, [more...]
Date: 2009-09-29 04:01:41
We Expect No Recovery from the Economy
It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder... ..how does it all work? We're doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes - 2001-2007 - but not other times? How come the Japanese were not able to increase consumer prices? Even now...Japan's inflation rate is negative. [more...]
Date: 2009-09-29 04:01:41
What Causes a Depression?
It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder… …how does it all work? We’re doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes – 2001-2007 – but not other times? How come the Japanese were not able to increase consumer prices? Even now…Japan’s inflation rate is negative. [more...]
Date: 2009-09-28 18:49:54
Monetary Policy and Economic Shocks
OSO writes from down under: Monetary Policy and Economic Shocks: Poor Ben Bernanke. You gotta feel for the poor guy ... by an overvalued US dollar that will eventually fall. 4) High levels of Federal government debt ... Bubble - deflationary US Dollar devaluation - inflationary Public Debt - inflationary If we were [more...]
Date: 2008-07-29 10:31:00
Britain's Brown makes pre-election populist pitch
BRIGHTON, England -- Prime Minister Gordon Brown , seeking to stave off an expected election defeat , pledged Tuesday to restore trust in Britain's tarnished politics, kick start its stuttering economy and slash government debt. Brown sketched out a likely Labour Party manifesto as he announced a blizzard of populist policies which he hopes will boost the organization's flagging ratings before a national election , which must by law be called by June. BRIGHTON, England -- U.K. [more...]
Date: 2009-09-29 19:35:00
Here comes the yuan devaluation
Notice that whenever an economic prediction turns out to be correct these days, it's almost never made by a Keynesian or a Monetarist: " ... that simple? By that logic, debt-ridden, big-government countries like Italy, France, and Germany should ... " persuasion, ie hates excess debt -- was one of the very few economists to see this whole crisis coming [more...]
Date: 2009-01-15 21:15:00
Bears Next Target: Bubble in Treasury Bonds
There's a bubble in US Treasury bonds. Here's the explanation: 1 ... is carrying more debt while taxes are declining and government spending is increasing, thus signaling even more debt and greater difficulty in repaying it. 3. Consistent with Austrian business cycle theory [more...]
Date: 2009-01-15 17:09:11
Debt Consolidation with Free Government Grants? One Scam to Avoid
Have you ever seen a commercial or an ad promising “free government grant money? ... can be used for anything, including debt consolidation , student loans, a yacht or just about any ... s doubtful that you’ll find an organization that’s interested in helping you pay off your Mastercard bill [more...]
Date: 2009-01-14 13:23:22
Next, the Minsk Revolutionary Tractor Works:
Britain:"Taxpayers to own part of small businessesStruggling small firms will be invited to sell a stake of their business to the tax-payer in return for the Government under-writing their debts, ministers will announce today.The "debt into equity" scheme is designed to help companies considered of key importance to the economy which are at risk [more...]
Date: 2009-01-14 07:37:00
Why capital punishment is wrong, but its opponents are too
Image: World Coalition Against the Death Penalty/flickr My original plan for this week was to write about spending cuts and the right’s hysteria over government debt, but after Touchstone , Seumas Milne , and especially Duncan ’s recent posts did a much better job than I could ever hope to, I decided against it. So, after seeing this story in today’s Independent, I’ve gone for capital punishment instead. [more...]
Date: 2009-09-19 18:22:52
Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... accept limits on executive compensation and eliminate perks such as corporate jets. Debt owed ... and emissions requirements. Firms must not issue new dividends while they owe government debt. Yet [more...]
Date: 2008-12-19 21:20:04
New York Times Pulls Punches On Wall Street Bubble Era Pay
Why is no one willing to call things by their proper names, and instead resort to euphemism and double-speak? ... and then default on their debt obligations. Bankruptcy for profit occurs most commonly when a government guarantees a firm's debt obligations. The most obvious such guarantee is deposit insurance [more...]
Date: 2008-12-18 10:05:59
OSO: Recession Looming Down Under
I was making jokes about a "crisis of biblical proportions" back when the Thessalonians had their very own bank run a while ago, ... and the coalition government did create some good economic conditions - namely a complete removal of government debt - which will give Rudd and the ALP a lot of room to run sustainable deficits. Howard, though, did [more...]
Date: 2008-12-08 02:58:51
Markets Decidedly Down, and Expect More
FinancialSpiltMilk submits: Let me apologize up front, but I just got in a new shipment from Amazon.com and have a lot of reading to do ... Orders, U.S. Sales Fall; Sony Drops Apple CEO Steve Jobs Will Take Medical Leave Through June; Shares ... to Highest in a Decade on Government Debt Guarantees Ford, Chrysler Pull Out of Tokyo Automotive [more...]
Date: 2009-01-15 09:19:06
Financial Freedom Awaits
Through this entire economic crisis in our country people tend to use credit cards and apply for loans so they can survive their own financial ... their earnings are debt consolidation companies that helps people manage their finances and consolidate ... . The government debt consolidation loans are great solution in consolidating various loans [more...]
Date: 2008-12-10 13:34:00
See How ManagIng Your Private Debt And Get What You Want Out Of Life
September 14, 2009 | By Terry Stanfield In Finance | If statistical data are anything to go by it appears most of the populace has some level of private debt. Debt in itself is not a bad thing so long as you’ve got the capability to make repayment without causing yourself additional stress. If we constantly consume more than we earn, the end result isn’t going to be good. If you need to govern your personal debt you want to get on top of your budget. [more...]
Date: 2009-09-14 22:57:00
S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative
Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]
Date: 2009-01-13 10:11:00
S&P's Puts Spanish Sovereign Debt On Ratings Watch Negative
Spain yesterday became the third euro zone country within a week to be warned by rating agency Standard & Poor's that its credit rating ( ... finances.The gap in bond yields between the benchmark German bunds and the sovereign debt of Spain ... fallen.One year ago the financing of Spanish government debt was barely more expensive than [more...]
Date: 2009-01-12 22:13:00
How does a government create jobs?
One of the predominant promises of the trillion dollar and growing stimulus package demanded by Barack Obama and being developed by Congress is the ... out of it or has secured by taking on debt, is untrue. I see three basic problems with the government creating jobs ... decrease in personal debt load, an increase in cor [more...]
Date: 2009-01-15 22:10:41
Default Rates and Static Analysis
As recently as a early 2007 ago there was very little “risk premium” between debt of varying quality. The risk premium is usually measured against US Government debt (Treasuries) of equivalent ... 5%, then high-quality (at the time) corporate debt might be issued at 6%, with riskier debt as high [more...]
Date: 2008-12-08 04:10:17
Weekly Economic Potpourri December 7, 2008
Every week there are a numerous headlines that are worthy of mentioning but I simply run out of time ... ."The measures under consideration include direct purchases of assets, such as government debt ... lending settlement deal.Countrywide and its Bank of America parent would be liable to pay hundreds [more...]
Date: 2008-12-07 08:57:00
Debt management may be regulated
The government is launching a consultation about the future of debt management companies, which are currently largely unregulated. The companies negotiate on behalf of people who are having debt problems. They talk to their clients' various creditor ... [more...]
Date: 2009-09-18 05:53:05
U.K. Banks Weigh Debt Help
By CARRICK MOLLENKAMP and ALISTAIR MACDONALDU.K. banks could pursue a plan that would give faltering companies a way to offload bad debt in order to ... to exchange debt for equity, effectively bringing down debt-payment costs. The U.K. government ... a plan that is in its preliminary stages, these people said that U.K. banks -- possibly [more...]
Date: 2009-01-12 14:35:00
Sunday morning links
TOP STORIES Leaders welcome G20 action plan - BBC Forget Bretton Woods II – we need a gold standard - CSM Facing Shortfalls, ... unlikely at G20 - Reuters The Only Cure for a Bubble... - Noland, Prudent Bear MARKETS/INVESTING ... Policies - Seeking Alpha Investors Leery of Buying Government Debt As Calendar Grows - Naked Capitalism [more...]
Date: 2008-11-16 14:29:49
Fazzari on Keynesian Economics
Steve Fazzari, of Washington University in St. Louis, talks with EconTalk host Russ Roberts about Keynesian economics ... About this week's guest: Steve Fazzari's Home page "Household Debt in the Consumer Age: Source of Growth ... of Economics. Government Debt and Deficits, by John Seater. Concise Encyclopedia of Economics. John [more...]
Date: 2009-01-12 11:29:25
Debt Solutions
I’ve known of quite a number of people who are struggling between debts ... like this or services like this exist in the country, there’s even a government debt consolidation program that of which ... I know of a friend who’s payroll goes directly to his credit card bills plus the loans on the side [more...]
Date: 2008-10-03 16:05:53
Does more debt to beat the debt-crisis make sense?
Order my book online from this link The UK newspapers are full of a new $33 billion government-backed debt facility for small and medium ... that are already deep in debt is not going to help, or at least not for very long. Does it really ... expatriates. Debt does not solve debt problems However, there is a reluctance to get into directly [more...]
Date: 2009-01-15 05:17:25
Undermining a New Effort to Promote Public Service
Is the U.S. Department of Education deliberately trying to undermine a new program created by Congress to encourage students to pursue careers in ... by consolidating their debt into Direct Lending. The program is a reaction to reports that student ... government will forgive the remaining debt of Direct Student Loan borrowers if they make 120 [more...]
Date: 2008-07-23 18:43:00
Japan ushers in corporate earnings season - drops 4.8%
For the Wall Street apologists who would rather everyone just stops talking about the bad news on Wall Street, please generate some good news ... and of course our old friends in banking are likely to be in trouble again.Fears of steep losses at corporate ... economic slowdown and bolstering less risky assets such as government debt. The euro extended [more...]
Date: 2009-01-13 08:44:00
The Anti-Reagan/Volcker Revolution
With over 2.5 million jobs lost in 2008 and G.D.P. estimates for Q4 projected to fall at a minus 6% annual rate, ... hopes well-grounded in believing a government going further into debt can bring about a sustained economic recovery? I think not, and here’s why: When a government’s revenue falls short [more...]
Date: 2009-01-15 09:24:12
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