Silver as an investment

Category Archives: United States debt ceiling

In Latest Reversal, Trump Weighs Tying Debt Limit Increase To Harvey Disaster Aid

This afternoon, we showed that even as stocks were pushing back to all time highs, a part of the Treasury market was turmoiling as the “debt ceiling” T-Bill spread (Sept/Oct) blew out to the widest level on record.   There were several possible catalysts suggested for this spike in concerns about a favorable outcome of […]

About That Debt Ceiling Crisis…

With just one month left until the “X Date”, better known as the first day on which Treasury has exhausted its borrowing authority and no longer has sufficient funds to pay all of its bills in full and on time, and also known as the date the US is technically in default on its debt […]

Harvey Destruction Prompts Goldman To Cut Government Shutdown Odds

Having in recent weeks boosted its estimate for government shutdown odds to even, or 50%, in a note overnight from Goldman’s Jan Hatzius, the Goldman chief economists writes that due to the human tragedy from Hurricane Harvey, the odds of a shutdown have been again reduced, back to Goldman’s original shutdown estimate of 33%. According […]

When The Butterfly Flaps Its Wings…

Authored by James Howard Kunstler via Kunstler.com, It remains to be seen what the impact will be from Mother Nature putting the nation’s fourth largest city out-of-business. And for how long? It’s possible that Houston will never entirely recover from Hurricane Harvey. The event may exceed the physical damage that Hurricane Katrina did to New […]

US Debt Ceiling, The Wall, Runaway Spending, & The Lack Of Evidence Of Concern… So Far

Via Snake Hole Lounge blog, The US Statutory Debt Limit, a failed tool to halt the endless growth of Federal debt issuance, is once again in play at nearly $20 trillion. It was only at $6 trillion in 2002. The problem, of course, is runaway Fed spending which is currently at around twice that of […]

The Complete Debt Ceiling Decision Tree: “An Alarmingly High Probability Of A Very Bad Outcome”

For all the breathless newsflow over the past 7 days, the single most consequential event of last week was the sudden jump in debt ceiling/government shutdown odds following Donald Trump’s confrontational Phoenix speech, which laid out a problematic dilemma: Trump’s Mexican wall, or a government shutdown. While various financial pundits rushed to discount the odds […]

Rickards Fears September Meltdown – “1000 Point Drops, Or A Closed Exchange?”

Authored by Craig Wilson via The Daily Reckoning, Jim Rickards joined Alex Stanczyk at the Physical Gold Fund to discuss current destabilizing factors that could drastically impact investors. During the first part of their conversation the economic expert delved into gold positioning for the future, the expanding threats from North Korea and liquidity in global […]

Compass Point: “Odds Of A Government Shutdown Are Now Dramatically Higher”

Over the weekend, Morgan Stanley reminded its clients that the biggest threat facing markets over the coming weeks is the “three-headed policy monster” inside Washington: raising the debt ceiling, passing a budget and embarking on tax reform. As MS cross-asset strategist Andrew Sheets noted, “none are easy, but we see the debt ceiling as the […]

USA Is Now Twice As Likely To ‘Default’ Than Germany

While the market turmoil (stocks down a few percentage points from all-time record highs) is being pinned on various factors (from North Korea, Trump, & Cohn to terrible retailer earnings and J-Hole anxiety), we suspect the real cause of market uncertainty is starting to peak through – the looming debt ceiling crisis that has now […]

How Big Of A “Deleveraging” Are We Talking About?

Authored by Lance Roberts via RealInvestmentAdvice.com, Last week, I discussed the issue of debt and why “people buy payments.” This article generated much discussion and several emails including the following. “You argue that rising debt levels lead to slower economic growth, but what if it is slower growth leading to rising debt levels?” This is […]