Tags » Debt

Social Security Will Be Paying Out More Than It Receives In Just Five Years, by Mac Slavo

One interesting fact: Social Security taxes have been raised more than twenty times since the program’s inception and it’s still going broke. There’s a lesson there for those who think the solution to governments’ fiscal woes is raising taxes. 348 more words


NVCC debt gets its due with fixed-income index inclusion

Some financial history was made this week when the first issue of non-viability contingent capital — a security that automatically converts to equity under certain circumstances — was included in bond market indexes. 559 more words

FP Street

Bonding Blank Check

Whatever Union County can’t get from raising taxes as much as is allowable under the tax cap and stealing Open Space Trust Fund money they bond for each summer. 205 more words


FMP investments may not pay off now

Followers of my blog will know that I have significant investments in Fixed Maturity Plans of fund houses. These were undoubtedly the best instruments till 2014 where the LTCG indexation was available after 1 year as opposed to 3 years for other debt funds. 517 more words


I read the news today, oh boy, by Raúl Ilargi Meijer

Raúl Ilargi Meijer provides a useful catalogue of today’s debt-driven financial bubbles. From Meijer at theautomaticearth.com:

Reading the news on America should scare everyone, and every day, but it doesn’t. 449 more words


Fears of “Doom Loop” between Italian Banks and Government Bonds Resurface by Don Quijones

What happens when insolvent banks hold the bonds of insolvent governments? That’s a question that will soon confront Europe. From Don Quijones at wolfstreet.com:

What will Draghi do?  354 more words


We Do These Things Because They're Easy: Our All-Consuming Dependence on Debt, by Charles Hugh Smith

Debt is, as SLL has said numerous times (see Debtonomics Archive), the foundation of both the US and global economy. From Charles Hugh Smith at oftwominds.com: 406 more words