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The Treasury Department is Choking on Debt, But You Don’t Have To |
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By Martin Hutchinson
Contributing Editor
Money Morning/The Money Map Report
The U.S. Treasury Department announced Nov. 3 that it intended to borrow a record $550 billion in the fourth quarter. That represents a staggering $408 billion increase over Treasury’s borrowing estimate from early August and includes $260 billion for the recapitalization of U.S. banks.
Do not make an error about it: there will be many enough American Exchequer bonds to choke on as the government tries to finance this debt.
In the three months to Sept. 30, the Treasury Department borrowed $530 billion; in the first quarter of the New Year – which ends March 31 – it expects to borrow $368 billion. The March figure looks thoroughly optimistic; the monthly Treasury Statement of Receipts and Outlays shows that the first calendar quarter of the year is generally about $80 billion to $100 billion worse than the preceding fourth quarter. Thus the loan number is so low as 368 billion $, apparently, would not include expenses of ejection and any additional expenses specifying in recession from a current quarter.
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Four “Safe Haven” Markets For U.S. Investors |
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By Martin Hutchinson
Contributing Editor
Money Morning/The Money Map Report
It must now be horribly clear to everybody with an investment portfolio – indeed, to anyone who watches the financial markets – that no country or sector is safe from a bear market of the magnitude of the one we’re suffering through right now. When stocks get marked down
en masse, as they have, literally everything drops. What’s more, there may be very little rationale for which stocks drop — or how much they drop by: When the wave of selling meets very few buyers, good stocks can easily fall more than bad ones.
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Four Ways to Sidestep the Damage Wall Street’s Big Money Movers are Inflicting on Main Street |
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By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
As the worst financial crisis in recorded market history rocks Wall Street, millions of investors on Main Street keep asking a single question.
When will this end?
The market volatility is unprecedented: Where professional traders once ranked a day as “wild” if we witnessed a 300-point swing, in recent months we’ve seen 600- and 700-point swings on a regular basis. On Oct. 9, a Thursday, we rode out a record-setting swing of 1,000 points.
That wild backdrop is bad enough. At the same time, however, the major market indices are heading lower – at times with a speed and ferocity never before seen. But the real killer is that there is seemingly nowhere to hide.
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