Creaking Debt Burden

The United States government is financing its more than trillion-dollar-a-year borrowing with IOUs on terms that seem too good to be true. However Treasury officials now face three headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

 
  • Like this story? Get our top stories by email.

    User

    “Bloodbath coming” - Soros

    George Soros has made a statement that “bloodletting” may be in the offing for leveraged buyout firms (LBOs) and commercial real estate investors amid the worst economy in seven decades. He also says that in commercial real estate and leveraged buyouts, the bloodletting is yet to come.

     
  • Like this story? Get our top stories by email.

    User

    Next Dubai: Greece?

    According to European Central Bank's Jean-Claude Trichet certain sinners on the edges of the eurozone were “very close to losing their credibility”, everybody knew he meant Greece. In a Goldman Sachs client note, Tremors at the EMU Periphery, Francesco Garzarelli said as far as the bond vigilantes are concerned, the Bat-Signal is up for Greece. Lars Christensen, emerging markets chief at Danske Bank said Greece can’t devalue: they can’t print money.

     
     
  • Like this story? Get our top stories by email.

    User

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)