Interesting chart correlating the price of gold with the raising of the debt limit ceiling.
Source: zerohedge
Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts
Wednesday, July 27, 2011
Tuesday, July 5, 2011
Federal Debt Rollover in August: $467 Billion
Comments: August is going to be a very tumultuous month.
First, we have the debt ceiling issue to contend with. It's been estimated that X-Day (the date after which Treasury will not havesufficient cash to pay ALL of its bills) is going to be sometime between August 2 and August 9.
Next, if and when we get over the X-Day hurdle, there is the matter of $467 Billion of Treasury debt that will need to get financed in August. $467 Billion in one month, that is simply a staggering figure.
Interesting that interest rates spiked higher last week, just after this report was released privately.
Originally posted at Zerohedge: link
Debt Ceiling Analysis
First, we have the debt ceiling issue to contend with. It's been estimated that X-Day (the date after which Treasury will not havesufficient cash to pay ALL of its bills) is going to be sometime between August 2 and August 9.
Next, if and when we get over the X-Day hurdle, there is the matter of $467 Billion of Treasury debt that will need to get financed in August. $467 Billion in one month, that is simply a staggering figure.
Interesting that interest rates spiked higher last week, just after this report was released privately.
Originally posted at Zerohedge: link
Debt Ceiling Analysis
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