WarMachines.com

Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


WarMachines.com

Archives by tag

3-Month Bills Turmoil Ahead Of March Debt Ceiling Showdown: Bid To Cover Plunges To 8 Year Lows

Despite the GOP’s tax reform victory, over the past few weeks, Congress once again punted on a formal decision how to keep government funded and what to do with America’s debt ceiling and as a result US legislators simply kicked the can on the agreement of raising the nation’s borrowing limit for another few months. […]


Stocks, Bonds, & Bullion Still Uncertain As Rand Paul Clarifies Statement On “No” To Higher Deficits

Update: Rand Paul attempted to clarify his comments by tweeting: Tax cuts – people keeping more of their money – are never the problem. The problem is spending. We should obey our rules, stop the deficit spending, and shrink government. But that seemed to have sparked more selling as it suggests that any bill that […]


Why America’s Retail Apocalypse Could Accelerate Even More In 2018

Authored by Michael Snyder via The Economic Collapse blog, Is the retail apocalypse in the United States about to go to a whole new level?  That is a frightening thing to consider, because the truth is that things are already quite bad.  We have already shattered the all-time record for store closings in a single […]


Stockman Exposes “The Black Swan In Plain Sight” – Debt Out The Wazoo

Authored by David Stockman via Contra Corner blog, The black swan in plain sight does emit the Donald's orangish glow, but at the end of the day its true color is actually red. That is, monumental towers of rapidly rising debt loom everywhere on the planet. For the moment, the artificial cash flow from this unsustainable borrowing spree is keeping a simulacrum of growth […]


Does Anyone Actually Care That The Exploding National Debt Is Destroying Our Future?

Authored by Michael Snyder via The Economic Collapse blog, When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.  We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that […]


It’s Official: US Debt Finally Tops $20 Trillion, Jumps By $318 Billion In One Day

Following President Trump’s sign off last Friday on a short-term debt-ceiling/government funding/hurricane aid deal (thanks to Democrats’ votes), the US Treasury was finally freed from the shackles of the debt ceiling which it hit nearly one year ago  and which meant that US federal debt would be at roughly $19.808 trillion for months. Well, no […]


Trump Reportedly Wants To End The Debt Ceiling

If you are wondering what is dragging the dollar down to 32-month lows, perhaps you should add this to the calculus… Politico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation. […]


Trump Wants To End The Debt Ceiling, Schumer Agrees

If you are wondering what is dragging the dollar down to 32-month lows, perhaps you should add this to the calculus… Politico reports that President Donald Trump suggested to congressional leaders on Wednesday morning that votes to raise the debt ceiling could be done away with altogether, according to three people familiar with the conversation. […]


What The Bond Market Got Wrong About Today’s Debt Ceiling Extension

Sometimes the bond market gets it wrong too. Earlier today, when Trump “flipped” on the GOP and aligned with congressional Democrats at a White House meeting to fund the government and raise the debt ceiling through Dec. 15. despite objections from virtually all Republicans, the threat of a late September/early October debt ceiling crisis disappeared. […]


Why Yesterday’s T-Bill Turmoil Is More Bad News For Trump

Yesterday we highlighted the turmoil in the T-Bill market, when the sale of $20 billion in 4 week paper priced at a high yield of 1.30%, a whopping 7bps tail, and the highest yield since September 2008.   This was notable as it indicated just how nervous short-term Treasury investors had gotten with the debt […]


House To Vote On Harvey Aid Bill Wednesday, Senate To Combine With Debt Limit Extension

Appending to an earlier announcement by House Majority Leader Kevin McCarthy, according to whom the House would not add Harvey disaster funds to any debt ceiling bill, Dow Jones reports that Republican lawmakers are set to vote on the Harvey aid bill on Wednesday, and instead of raising the debt ceiling, they – or rather […]


In Latest Reversal, Trump Weighs Tying Debt Limit Increase To Harvey Disaster Aid

This afternoon, we showed that even as stocks were pushing back to all time highs, a part of the Treasury market was turmoiling as the “debt ceiling” T-Bill spread (Sept/Oct) blew out to the widest level on record.   There were several possible catalysts suggested for this spike in concerns about a favorable outcome of […]


US Debt Ceiling, The Wall, Runaway Spending, & The Lack Of Evidence Of Concern… So Far

Via Snake Hole Lounge blog, The US Statutory Debt Limit, a failed tool to halt the endless growth of Federal debt issuance, is once again in play at nearly $20 trillion. It was only at $6 trillion in 2002. The problem, of course, is runaway Fed spending which is currently at around twice that of […]


The Complete Debt Ceiling Decision Tree: “An Alarmingly High Probability Of A Very Bad Outcome”

For all the breathless newsflow over the past 7 days, the single most consequential event of last week was the sudden jump in debt ceiling/government shutdown odds following Donald Trump’s confrontational Phoenix speech, which laid out a problematic dilemma: Trump’s Mexican wall, or a government shutdown. While various financial pundits rushed to discount the odds […]


In Early Concession, Trump Plans Meeting With GOP, Democrat Leaders

In what appears to be the first major concession to Congressional Republican (and Democrat) leaders from the confrontational, “post-Phoenix rally” Trump, whose vow to “build that Wall” even if it means shutting down the government has spooked markets and sent Oct 12 T-Bill yields surging, Politico reports that the president is quietly organizing a meeting […]