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Old 03-07-2019, 03:53 AM
Danny B Danny B is online now
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,497
Slow disintegration

"Last February’s “bipartisan” spending bill suspended the debt ceiling — then at $20.5 trillion — until March 1, 2019.
March 1, 2019, falls this Friday.
Friday’s deadline would pass harmlessly if the debt had remained at $20.5 trillion.
But it has not.
Today’s federal debt exceeds $22 trillion."
Meet the new debt ceiling: $22.03 trillion
Mnuchin Invokes Special Debt Measures to Last Until June
Something tells me that this is going to be a drawn out fight.

"Much like the Great Depression of the 1930s and the Great Inflation of the 1970s, the Great Recession of the 2000s shaped a generation of macro- and monetary economists. We can debate the details. But three things warrant widespread agreement. The Fed generated an unsustainable boom. It followed up with a severe monetary contraction. And it swapped out its traditional operating procedures for a new regime, reducing economic growth and increasing systemic risk in the process."
So, we are on our way to another correction in the markets.
How soon?
https://www.zerohedge.com/news/2019-...a-sell-trigger

Apparently, bbb debt will get downgraded to junk and everybody will have to unload it.
https://www.zerohedge.com/news/2019-...bbb-downgrades
We have another record fall, https://www.zerohedge.com/news/2019-...-record-levels

Bonds have reversed a 40 year trend and, it's going to get ugly.
https://capitalistexploits.at/what-w...u-have-done/?/
3/07 Tariff mistake smoking gun: trade deficit soars, GDP declines – Mish
3/07 Warren Buffett calls public pension debt a ‘disaster’ – IL News


3/07 Court rules legislature can change terms of health plan for retirees – Laurinburg
It had to come. GOV will reneg on every commitment that it can escape.
3/07 Global economy is sinking fast, and it will take the U.S. with it – SHTFPlan
Supposedly, we will be the last man standing. Except for Russia, of course.
3/07 Tariff mistake smoking gun: trade deficit soars, GDP declines – Mish
3/07 As the economy teeters on the brink of a recession, U.S. debt explodes – ECB

That probably wasn't part of the plan.
3/07 Dollar Tree to close up to 390 Family Dollar stores – US News
If family dollar can't make , you know that things are bad.

"“Last year, Japan’s debt-to-GDP ratio stood at 238%, and since 1994, headline inflation has been negative for almost half of the time. "
3/06 BOJ board member calls for more stimulus if economy sinks – Reuters
It hasn't worked for 30 years. Why stop now?
3/07 The US quietly negotiates ‘peace with honor’ in Afghanistan – Boston Globe
Didn't we do that in Viet Nam?
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