As the Fed unloads its bonds, changes in government regulation will encourage financial institutions to absorb them. The Fiscal Crunch Before diving into the more esoteric analysis, let’s run some simple numbers. As of this writing, the federal government “Debt Held By the Public” (which does include Treasury bonds owned by the Fed, but not […]

Albert Edwards at Societe Generale says January 2008 is here again! UK and US household debt excess comes full circle. From Albert Edwards Via Email Very recent data confirms slumping household saving ratios in both the US and UK. This was last seen in 2007, just before the bursting debt bubble blew the global economy […]