Posts tagged as:

government bubble

Credit Default Swaps on Treasuries Becoming Hot Commodity

February 23, 2010

Credit Default Swaps on U.S. Treasuries are rising in price and becoming a hot commodity.  Credit default swaps are essentially insurance against default.  They are typically purchased against other countries’ debt, not the debt of the United States.  Investors are getting nervous about the unsustainable $14 trillion debt and $1.9 trillion annual deficits, and are [...]

Read the full article →

Heading Towards a Bursting of the Government Bubble

April 27, 2009

Yesterday, April 26, was Debt Day, and it was the earliest debt day ever.  Debt Day is the symbolic day of the year that Congress runs out of money obtained normally through taxes and revenue, and the day that it has to begin financing its expenditures through debt.  This year, it is far earlier than [...]

Read the full article →