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The US Literally Cannot Repay Its National Debt.
- Thread starter LaoTze
- Start date
those lazy fuckers have got zero intention to pay......
thats why it balloon-ed to 36 trillion
thats why it balloon-ed to 36 trillion
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Japan will kaput first if yen interest rates go up.
US may find it difficult to sell more treasury notes if foreign buyers find it not be safe investment anymore.
they have 10 TRILLION to refund in 2024 alone....those holding billions of usd treasuries are between a rock and a hard place, they cant liquidate suddenly if not the prices and the usd will plunge....
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KICK the can down the road lor
Cisco to lay off 4,000 more employees: reports
https://www.hcamag.com/asia/special...to-lay-off-4000-more-employees-reports/501221The tech firm is one of the many organisations laying off employees this year, which includes Intel, eBay, Riot Games, Snap, Estee Lauder, Warner Music, among others.
Several reasons for retrenchment this year include the need to reduce cost, anticipation of recession, desire to increase profits, and replacing employees with artificial intelligence.
Yahoo to lay off all journalists, social media executives in Singapore
Samantha Chiew and Jovi HoMon, 29 Apr 20244-min read
EXCLUSIVE: Yahoo is letting go of its editorial and social media teams in Singapore.
Yahoo is letting go of its editorial and social media teams in Singapore. In total, 17 staff will leave the digital news publication after May 7, The Edge Singapore understands.
One affected employee had worked at Yahoo for more than 15 years. Affected staff will receive slightly more than two weeks’ pay per year of service, according to a source who has requested to remain anonymous as the matter is private.
Wonder how much CPF marnee is in US Treasury Bongs.
US employment falls by 818,000 in latest government revision
Josh Schafer
·Reporter
Updated Wed, Aug 21, 2024, 11:12 PM GMT+83 min read
The US economy employed 818,000 fewer people than originally reported as of March 2024, showing the labor market may have been cooling long before initially thought.
The revisions are a yearly practice from the Bureau of Labor Statistics; final revised numbers are expected to be released early next year.
The report, released Wednesday morning, showed the largest downward revisions to the professional and business services industry, where employment was revised down by 358,000 during the period. Leisure & hospitality saw the second-largest downward revision of 150,000.
The report moves down the monthly job additions seen in the US economy over the time period to 174,000 from 242,000.
"Despite this big downward revision, that's still a very healthy growth rate in terms of the monthly jobs added to the economy," Omair Sharif, Inflation Insights president, told Yahoo Finance.
Furthermore, economists cautioned ahead of the release about how much investors should read into the print given its backward-looking nature.
"The realization that the economy created fewer jobs than initially estimated [does not] change the broader trends in GDP growth, stock market and wealth gains, and consumption," RBC Capital Markets US economist Michael Reid wrote in a note to clients on Aug. 16.
This release comes at an important time for labor market data, as recent signs of slowing have prompted economists to argue the Federal Reserve's current monetary policy stance is too restrictive.
A weak July jobs report helped tilt the focus toward the slowing labor market. The report showed the second-weakest monthly job additions since 2020 and the highest unemployment rate, 4.3%, in nearly three years.
https://www.businesstimes.com.sg/co...ies-not-safe-bet-they-once-were-research-says
Published Sat, Aug 24, 2024 · 12:14 AM
Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.
That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behaviour in that period that raises questions about the “exorbitant privilege” the US government has long enjoyed to borrow broadly on the global market even as federal budget gaps grow ever wider. It’s a timely question given growing deficits are seen as a near certainty regardless of who becomes the next US president.
US Treasuries not the safe bet they once were, research says
NO SAFER than a bund. Or a gilt. Or an OAT.
Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.
That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behaviour in that period that raises questions about the “exorbitant privilege” the US government has long enjoyed to borrow broadly on the global market even as federal budget gaps grow ever wider. It’s a timely question given growing deficits are seen as a near certainty regardless of who becomes the next US president.
New York University’s Roberto Gomez-Cram, London Business School’s Howard Kung and Stanford University’s Hanno Lustig also throw into question the assertion that the Treasury market was dysfunctional in that period – as asserted by the Federal Reserve when it launched its massive bond buying – or just rationally pricing the risk of a massive unfunded spending shock then being prepared in response to the health emergency.
“In response to Covid, US Treasury investors seem to have shifted to the risky debt model when pricing Treasurys,” wrote New York University’s Roberto Gomez-Cram, London Business School’s Howard Kung and Stanford University’s Hanno Lustig in the paper. “Policymakers, including central banks, should internalise this shift when assessing whether bond markets are functioning properly.”
The researchers looked at the behaviour of Treasuries securities during the pandemic shutdown of 2020, when yields shot higher not just for US debt but for bonds issued by nations across the globe.
US Treasuries not the safe bet they once were, research says
Published Sat, Aug 24, 2024 · 12:14 AM
Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.
That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behaviour in that period that raises questions about the “exorbitant privilege” the US government has long enjoyed to borrow broadly on the global market even as federal budget gaps grow ever wider. It’s a timely question given growing deficits are seen as a near certainty regardless of who becomes the next US president.
US Treasuries not the safe bet they once were, research says
- The researchers found that investors marked down Treasury securities, much as they did for bonds from other countries during the pandemic shutdown of 2020. PHOTO: REUTERS
NO SAFER than a bund. Or a gilt. Or an OAT.
Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.
That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behaviour in that period that raises questions about the “exorbitant privilege” the US government has long enjoyed to borrow broadly on the global market even as federal budget gaps grow ever wider. It’s a timely question given growing deficits are seen as a near certainty regardless of who becomes the next US president.
New York University’s Roberto Gomez-Cram, London Business School’s Howard Kung and Stanford University’s Hanno Lustig also throw into question the assertion that the Treasury market was dysfunctional in that period – as asserted by the Federal Reserve when it launched its massive bond buying – or just rationally pricing the risk of a massive unfunded spending shock then being prepared in response to the health emergency.
“In response to Covid, US Treasury investors seem to have shifted to the risky debt model when pricing Treasurys,” wrote New York University’s Roberto Gomez-Cram, London Business School’s Howard Kung and Stanford University’s Hanno Lustig in the paper. “Policymakers, including central banks, should internalise this shift when assessing whether bond markets are functioning properly.”
The researchers looked at the behaviour of Treasuries securities during the pandemic shutdown of 2020, when yields shot higher not just for US debt but for bonds issued by nations across the globe.
After all Carry Trade "unwind"....u know lohhttps://www.businesstimes.com.sg/co...ies-not-safe-bet-they-once-were-research-says
US Treasuries not the safe bet they once were, research says
Published Sat, Aug 24, 2024 · 12:14 AM
Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.
That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behaviour in that period that raises questions about the “exorbitant privilege” the US government has long enjoyed to borrow broadly on the global market even as federal budget gaps grow ever wider. It’s a timely question given growing deficits are seen as a near certainty regardless of who becomes the next US president.
US Treasuries not the safe bet they once were, research says
- The researchers found that investors marked down Treasury securities, much as they did for bonds from other countries during the pandemic shutdown of 2020. PHOTO: REUTERS
NO SAFER than a bund. Or a gilt. Or an OAT.
Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big corporations.
That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behaviour in that period that raises questions about the “exorbitant privilege” the US government has long enjoyed to borrow broadly on the global market even as federal budget gaps grow ever wider. It’s a timely question given growing deficits are seen as a near certainty regardless of who becomes the next US president.
New York University’s Roberto Gomez-Cram, London Business School’s Howard Kung and Stanford University’s Hanno Lustig also throw into question the assertion that the Treasury market was dysfunctional in that period – as asserted by the Federal Reserve when it launched its massive bond buying – or just rationally pricing the risk of a massive unfunded spending shock then being prepared in response to the health emergency.
“In response to Covid, US Treasury investors seem to have shifted to the risky debt model when pricing Treasurys,” wrote New York University’s Roberto Gomez-Cram, London Business School’s Howard Kung and Stanford University’s Hanno Lustig in the paper. “Policymakers, including central banks, should internalise this shift when assessing whether bond markets are functioning properly.”
The researchers looked at the behaviour of Treasuries securities during the pandemic shutdown of 2020, when yields shot higher not just for US debt but for bonds issued by nations across the globe.
Ultimately US will not default on T bills as long as USD remains the world's reserve currency since it can continue issuing bonds ad nauseam to pay off interest and maturities. But USD's share of major nations' financial reserves are declining due to ongoing dedollarisation and the emergence of blocs like BRICs. With burgeoning debt ($35 trillion and counting), lower demand for USD instruments, the Fed's inability to maintain high interest rates indefinitely without killing the economy, it is highly conceivable that the US may default for the first time in the next decade.
Unless the US starts paying off its debt by raising taxes, cutting military expenditure, and not starting wars. But neither party has the will or appetite for such austerity.
Unless the US starts paying off its debt by raising taxes, cutting military expenditure, and not starting wars. But neither party has the will or appetite for such austerity.
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U say also very little peepur understand de, bro
Where to hide laugh...the interst payment is actually to compensate your money lost value in the future
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