Economy by Peter Giardini | September 22, 2009I was listening to a financial talk show on the radio the other day; the host was going nuts over an upcoming Treasury auction where over $140 Billion in 2, 5, and 7 year notes were going to be auctioned. This would represent the most auctioned at one time ever, and would be on top of $60+ Billion in notes auctioned the week before.
This got me to thinking about how much debt was out there and ultimately where current mortgage rates were and what direction they were headed in. Here is what I found…
The State of Debt
In my search I ran across this very sobering set of statistics about who holds the most US debt… take a look at the data, and if you’re not concerned about where interest rates and inflation are heading, then you must be asleep.
Commentary by Tom Koziol | January 2, 2009About two months ago I wrote a post that included information from a monthly magazine,
Joshua Dorkin
Massive Denial Blocks Real Estate Recovery
by Marty Boardman | October 27, 2011Kevin is not giving up without a fight. I know this because those words are written on a piece of paper taped to his front door. NOT GIVING UP WITHOUT A FIGHT! His house is scheduled to go to a foreclosure auction today. Kevin bought his home on July 8th, 2003 for $270,800. The real [...]