zaterdag 19 oktober 2013

U.S. Debt Crosses 17 Trillion

As predicted before, the debt ceiling would be raised and now the treasury is going to issue an enormous amount of debt. The debt will now spike a lot to get the budget in order for the whole year of 2014. The Federal Reserve will now buy up all this debt and the U.S dollar is set to weaken as China will reduce its purchases of this debt. Evidence is to be found in the Chinese rating agencies. For example Dagong downgraded U.S. debt.

Just after the debt ceiling deal on 17-oct-2013, the debt increased from $16.7 to just over $17 trillion.
This is what it looks like. You can see that the slope is higher as usual as they are in need of cash.


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