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What would they make of this on the Debt forum?
StevieJ
Posts: 20,174 Forumite
Income p.a. — $21,700
Expenditure p.a. — $38,200
New debt added to credit card — $16,500
Outstanding on credit card — $142,710
Expenditure cut back — $385
That is the US financial position in Mr & Mrs Smith speak :eek:
http://www.mantlefp.com/mantlefp-news/how-many-zeros
Expenditure p.a. — $38,200
New debt added to credit card — $16,500
Outstanding on credit card — $142,710
Expenditure cut back — $385
That is the US financial position in Mr & Mrs Smith speak :eek:
http://www.mantlefp.com/mantlefp-news/how-many-zeros
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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Is his first name Stavros :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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The really frightening part is that the US, like the UK, is seen as a safe haven for investors when compared with the PIIGS and now France, Belgium etc.
Now macro economics is not the same as a household budget, and unlike Mr & Mrs Smith, the US could run the printing presses and produce sufficient dollars to pay off that entire debt (making the dollar completely worthless and bringing about hyper-inflation in the process of course), but you still wonder how the best economic minds in the world, advising the various western governments, could possibly think that these figures stack up."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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MacMickster wrote: »...the US could run the printing presses and produce sufficient dollars to pay off that entire debt (making the dollar completely worthless and bringing about hyper-inflation in the process of course)
You don't think that the ECB will be doing the same very soon?
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
worldtraveller wrote: »You don't think that the ECB will be doing the same very soon?
The Germans will quit the Euro if they do.
Unfortunately what the Germans have yet to work out is that if they are to run a surplus, someone else needs a deficit and that ultimately surplus countries pay for the deficit of deficit countries.
Either they can do that through asset purchases or by a direct transfer of cash but the money has to flow one way or another.
The same is true of the UK and US BTW.0 -
The Germans will quit the Euro if they do.
Unfortunately what the Germans have yet to work out is that if they are to run a surplus, someone else needs a deficit and that ultimately surplus countries pay for the deficit of deficit countries.
Either they can do that through asset purchases or by a direct transfer of cash but the money has to flow one way or another.
The same is true of the UK and US BTW.
A good point, many don't understand why the Germans ditched the Mark but the strong Mark made exports expensive the Euro leveled it. A wise move for the worlds now 2nd biggest exporter.
I just can't see how Greece can survive in the Euro?0 -
Frightening stuff :eek:.
Can anyone help - Italian bonds at +6%, were over 7. Germany around 1%. 4 questions:
- what is UK rate?
- what is US rate?
- what term is it over - 10 years?
- is there a website which lists them all?
Thanks.A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
Frightening stuff :eek:.
Can anyone help - Italian bonds at +6%, were over 7. Germany around 1%. 4 questions:
- what is UK rate?
- what is US rate?
- what term is it over - 10 years?
- is there a website which lists them all?
Thanks.
For the majors.
http://www.bloomberg.com/markets/rates-bonds/government-bonds/uk/'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Frightening stuff :eek:.
Can anyone help - Italian bonds at +6%, were over 7. Germany around 1%. 4 questions:
- what is UK rate?
- what is US rate?
- what term is it over - 10 years?
- is there a website which lists them all?
Thanks.
Good link from Mr J. In addition Central Banks usually publish local bond yields.
There is no fixed standard for the 'benchmark rate' (yield) used. I reckon that 3 months, 2 years and 10 years are most common. As with many stats, the best one to use depends on:
1. What you are trying to measure (eg there's little point using 10yrs to measure short term rates!)
2. The partisan point you are trying to make (eg the 10 year yield on Gilts (UK Government bonds) is more than 4x higher than the 2 year. Plenty of scope for obfuscation, spin and bullpoo there!).0 -
Good link from Mr J. In addition Central Banks usually publish local bond yields.
There is no fixed standard for the 'benchmark rate' (yield) used. I reckon that 3 months, 2 years and 10 years are most common. As with many stats, the best one to use depends on:
1. What you are trying to measure (eg there's little point using 10yrs to measure short term rates!)
2. The partisan point you are trying to make (eg the 10 year yield on Gilts (UK Government bonds) is more than 4x higher than the 2 year. Plenty of scope for obfuscation, spin and bullpoo there!).
Yes, thanks, it confused me more than anything!So there is no norm then - if they are looking for a low figure for Germany they would take say 2years, but for a high figure for UK 1 year?
I don't understand all the Coupon/Price/Yield thing, I need to research it
A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort Mortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0
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