US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion – These Dang Trillions Are Flying By So Fast, They’re Hard To See.

Wolf Richter, The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, because on this date, the US … Read more

Consumer Confidence Hits Fresh 14-Year High… Food Stamps Use Plummets To 6-Year Low… Kudlow predicts 4%-5% growth…

Consumer Confidence Hits Fresh 14-Year High… U.S. consumers’ confidence hit a fresh 14-year high this month, as lower-income households reported feeling more optimistic about the economy. The University of Michigan on Friday said the preliminary result of its consumer-sentiment index … Read more

An Accident Waiting to Happen: The Economy Is Not Sound, Household Debt Hits All-Time Record and National Debt Is ‘Unsustainable’…

Roach Says The Economy Is Not Sound Former Morgan Stanley Chief Economist and Yale Economist  Stephen Roach is sounding the alarm on U.S. deficit and savings rate and calling it an accident waiting to happen here … “The way I look at … Read more

US Treasury 10Y Yield Highest Since 2014 (30Y Mortgage Rates Near Highs Since 2014) As Home Price Growth Hits 6.41% YoY (Seattle Fastest, DC Slowest)

by Anthony B Sanders US Real GDP seems to be booming (see yesterday’s Atlanta Fed GDPNow Report for 4.2% growth) while The Fed continues to raise their target rate and unwinding its $4.4 trillion balance sheet. The result? The US … Read more

Global Debt Hits Record $233 Trillion (US Taxpayers On Hook For $921K In Unfunded Liabilities)

by Anthony B Sanders (Bloomberg) Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an analysis by the Institute of International Finance. Private non-financial sector debt hit all-time highs … Read more