Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. (h/t Dan)
Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. (h/t Dan)
The killing question, will the bonds issued to rollover the debt, even at a higher interest rate, but worth buyting? Gut feel – NO!
I have been assured by the Modern Money Theorists that government debt is unimportant. We can all rest easy.
Okay, MMT isn’t given much credence by most economists. But it’s a God send to many progressives, who clutch at it like Paris Hilton to a no-limit credit card.
Ah, the nanny socialist state. How does that Thatcherism go again… yes, the problem with socialism is you always run out of other people’s money.
Children in a candy store with the law behind them to steal what they will.
If individuals did this financially you would be in jail.
So the bond rollover from last year rises to 7.6 trillion from 7.4 trillion or 0.2 trillion.
Gettin out my trusty ‘calcula-maguesser’ that is a total increase of roughly 2.7% in bond rollovers.
So what’s 200 billion between governments and bond market friends?
A more useful article would point out the increase in the bond market rollover over the last 5 years or so, relative to the market today.
That might give a better measure of the market swallowing a whale instead of a tuna.
Shouldn’t everyone go fishing sometime…?
Cheers
Hans-Christian Georg Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
I don’t claim to be an expert but I have read up a bit on economics. All government created money systems collapse eventually. Its a feature, not a bug. Governments borrow and borrow until there is no more money left, and then print money to pay off their creditors. In doing this they literally rob everyone who has any money at all. The only solution is a gold standard and privately money. Banks used to issue their own bank notes, and barring government meddling have a vested interest in their money maintaining its value. With different competing currencies, no one can force anyone to use one if people don’t think it is secure
minuteman is right. Paper money will eventually be worthless if it is not backed up by gold, which it is not.
Wonder what Heather Malice thinks of all this?