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Anonymous ID: 4f5db2 July 29, 2019, 2:37 p.m. No.7248484   🗄️.is 🔗kun   >>8529 >>8565 >>9091

US Treasury Now Expects To Borrow Over $800 Billion In Debt In Two Quarters

 

One of the reasons why Trump and Congress were so quick to pass a debt ceiling deal last week is that had they failed to do so, with the Treasury's cash balance sliding precariously lower and expected to hit $0 by early September, there was a non-trivial chance the US could technically default by the time Congress came back from its August vacation.

 

Of course, that did not happen, a debt ceiling extension deal was reached, and as a result the Treasury is now free to start reloading its cash balance, and it plans on doing just that. On Monday, the Treasury Department announced its latest quarterly estimates of net marketable borrowing needs for the current (July – September 2019) and upcoming (October – December 2019) quarters. What it revealed was the following:

 

After borrowing just $40 billion in the past, April-June period, which left the Treasury with a quarter end cash balance of $264 billion, in the current quarter, the Treasury now expects Treasury issuance to explode higher, and borrow a whopping $433 billion in net marketable debt, a massive $274 billion higher - or more than doubling - its prior forecast announced in April 2019.

 

The reason for this debt issuance flurry? To rebuild the cash balance back to a level of $350 billion, which is where the Treasury expects its end-of-September cash balance to be, up from just $85 billion as of the April 29 forecast.

 

https://www.zerohedge.com/news/2019-07-29/us-treasury-now-expects-issue-over-800-billion-debt-two-quarters

Anonymous ID: 4f5db2 July 29, 2019, 2:59 p.m. No.7248797   🗄️.is 🔗kun   >>8847 >>9061 >>9166 >>9204

NEGATIVE RATES LUNACY: History Will Condemn This STUPIDITY!

 

This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Lior Gantz of WealthResearchGroup.com and we’re excited to share this one with you!

 

When people read books about our times 80-120 years from now (which will describe the conditions that led to the worst financial crash this world will have ever seen), readers will demand to understand how billions of people from all walks of life chose to believe in fiat currencies, government bonds, and paper derivatives over hard money.

 

I still don’t quite know how to capture it in words, but I believe that that ignorance of currency’s worth is a major contributor to this.

 

This newsletter was launched in order to help those who inquire about these matters, but the majority couldn’t care less.

 

The world is not comprised of many enlightened individuals like yourself. Most drift on for decades, never contemplating any subject of real importance. Unfortunately, most are mere sheep that must be herded. That is my conclusion after observing people from 6 continents, and I can only assume Antarctica won’t change my mind.

 

Not only do people choose government bonds over hard money, but they do so even when there are simple storage solutions for gold and silver.

 

$13.64 trillion, equal to a quarter of all sovereign and corporate bonds, currently generate negative yields. Is that not lunacy?

 

When the U.S. economy rolls over and begins to slow down, the rest of the world will feel the impact, not vice-versa. Judging by advanced Google Trends analysis, I can tell you our work concluded that people aren’t afraid of a slowdown at all. Terms like unemployment, which Americans research when they believe they’re next, are low. They’re also not researching TV shows, which means that they don’t have spare time, as they would in a slowdown.

 

The amount of Google searches for coupons and discounts is also down substantially. In fact, Americans have been spending heavily on RVs and other pastime activities.

 

Most are putting 2008 behind them. They’re getting accustomed to their new reality: 2-3 low-paying jobs, some government assistance, a little debt, no assets, and few chances of exiting the cycle.

 

I implore you to NEVER stop dreaming, to NEVER quit in the search for prosperity, and to NEVER cease growing and developing personal skills that will result in your eventual breakthrough. Let the rest live unfulfilled lives – if that’s their aim – but keep right on envisioning a better future by acting in the present.

 

The economic lunacy will soon meet its maker. The dollar is on such shaky grounds that the White House had to send Trump’s economic advisor Larry Kudlow to tell CNBC that they’ve ruled out currency intervention in order to prop up the buck.

 

But JPMorgan doesn’t see it that way. The American middle class is gone; whoever controls the largest of those demographics controls the world, and that is Asia in about 5-7 years.

 

https://www.activistpost.com/2019/07/negative-rates-lunacy-history-will-condemn-this-stupidity.html