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The Debt Ceiling | RSS.com The Debt Ceiling—why do we have it, why do we hit it, why do politicians fight about it, what happens if they don’t raise it? Record your investing question at 310-734-8889. ——— If you’re not a Kelly Letter subscriber, why not? I’d like to welcome you! Please subscribe here.
These discussions are on The Kelly Letter premium subscriber site: In a comment below last Sunday’s letter, Henry asks why China’s debt is worse than America’s. I answer that Beijing is probably understating the level of its debt, wastes much of its spending just to grow GDP, and does not enjoy the benefit of controlling the world’s reserve […]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Goldman Sees Six Bad Months For The US Economy | A “fairly bad” scenario calls for 1.5 to 2 percent growth. Mortgage Fraud Could Be A Systemic Risk | Committing fraud to cover up fraud does not a robust recovery make. Stockman On Tough Times […]
Good morning! Here’s what you need to know: ______________________________ OVERVIEW Volcker “Not Worried About Deflation” — Or Inflation | Maybe we’re in for a “biflation” of rising global commodity prices and falling domestic prices. US Loses Another 12,000 Jobs | Initial jobless claims for the week ending Sept. 18 rose to 465,000. GOP Issues “Pledge […]
