A U.S. Sovereign Credit Downgrade Is No Laughing Matter

Posted by : EconMatters

Post date: 07/30/2011 - 16:43

Sen. John kerry's comments that the Chinese "are laughing all the way to the bank" on a downgrading of US Treasury securities.  China owns about 8% of the U.S. debt, so does that... 

Bush vs Obama: Facts And Observations

Even as the political posturing over who spent what, how much and when reaches ridiculous levels, courtesy of the St. Louis Fed, and John Lohman, it is a short 5 minute process to fact check (thanks to the St Louis Fed's Fred) what the average annual federal expenditures, investment and consumption were/are under the regimes of Bush and Obama respectively. It also allows us to see what the average government saving, or rather, borrowing has been under the two administrations. The result, or rather the step function contained therein, may surprise some. Furthermore, we present a few observations from Sean Corrigan's latest later on the proclivity of the Obama administration to spend.... and spend... and spend... which demonstrates that while there certainly may be carryover from the previous administration, the eagerness of the current one to fund a record amount of disposable income via state transfer funding can not be blamed on the Bush by any sane person.

Insiders selling at unusually fast pace: Mark Hulbert

and the link is here.

US Dollar, Treasuries No Longer Safe Havens: Mark Mobius

The link is here.

Demand for bullion at fever pitch

The link to this story is here

The U.S. Mint had one more sales report for July. They sold another 2,500 ounces of gold eagles...along with 340,000 silver eagles. For the month that just was, gold eagles sales totaled 64,500...one-ounce 24K gold buffaloes totaled 12,000 ounces...and silver eagles sales were 2,968,000 for July.

Year-to-date gold eagles sales total 640,500 ounces...which is within an eyelash of 20 tonnes. The one-ounce 24K gold buffalo sales for the year stand at 91,500. Silver eagle sales so far for 2011 total 25,271,500...so that puts the 40 million sales target for the year directly in the crosshairs.

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