May 4, 2011
in Timothy Geithner, US Treasury, US debt, USD, central banks, debt, financing, forecasts, money management, money supply, sovereign debt, special dates
The U.S. Treasury still expects it will hit its debt ceiling limit on May 16. This week, Congress continues to debate the terms of any potential increase in the debt ceiling, while Geithner has taken action to initiate emergency measures by Friday in order to maintain current government spending levels below the debt ceiling.
These emergency [...]
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Option ARMs are the new subprime. Option ARMs stand for “payment-option adjustable-rate mortgages” – so-called because the rate paid on the mortgage varies with the market, but the total payment can be adjusted by the borrower according to his or her needs. How’s that for a sweet deal? It’s good right now, because interest rates [...]
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