The Acting Assistant Secretary for Financial Markets, Karthik Ramanathan, gave a bit of a pep talk yesterday regarding US debt issuance for 2009 and 2010. People should take comfort knowing that the US has funded nearly 80% of its total "expected borrowing needs" of $2 trillion to fund the fiscal deficit for this year and is "well situated" on its funding needs for next year. However, left out of this feel good speech was any guidance on the administration's demand forecast for US debt that falls into the "unexpected borrowing needs category" on the off chance the government's macroeconomic assumptions are a tad too optimistic.
US Treasury: Funding Needs Large But "Manageable" [Dow Jones via Nasdaq]
Posted by guest , Jun 23, 2009 10:09AM
Its ok, they'll bully Moody's into continuing the AAA charade until the bottom falls the fuck out.
Posted by Ben_H , Jun 23, 2009 10:11AM
Was at a presentation held by one of the big IBs where ratings agency analysts responsible for US and Western Europe talked about their outlook. Interestingly, the audience was 100% emerging markets investors. The vultures are circling!
Posted by guest , Jun 23, 2009 10:15AM
Karthik Ramalamalamalan?
Nah gonna.. nah gonna.. nah gonna work here anymore.
Posted by guest , Jun 23, 2009 10:20AM
@3 Kent, I'd like you to meet Karthik, Jugdish, Sidney, and Clayton.
Posted by guest , Jun 23, 2009 10:23AM
OK, OK.....the current bid for lunch with me is now at $25.00 US. How about it? Come on, now!!
~Boone
Posted by guest , Jun 23, 2009 10:27AM
BA BA BA BA-BLANUS!
Posted by guest , Jun 23, 2009 10:31AM
short US - shorter than gregs pickle
Posted by guest , Jun 23, 2009 10:31AM
@3 It's Karthik Ramalamabingbang to William H. Gross.
Posted by guest , Jun 23, 2009 10:34AM
Mexico ..fuck off
Like most tourism officials in Mexico, Murphy complains the media showed the country in an unfairly bad light. He is quick to point out there have been no documented cases of any holidaymakers being directly affected by the Mexican drug war.
Mexico is not a country, it's a disease. We would take the Iranians as neighbors any day over those corrupt motherfuckers (essentially the whole population now)
down south.
Posted by guest , Jun 23, 2009 10:36AM
If the middle class of the US doesn't fight for itself, the US will be come like Mexico.
Posted by guest , Jun 23, 2009 10:38AM
If only there was a triple-leveraged, ultra-short etf on G. Mike's career.
Posted by guest , Jun 23, 2009 10:40AM
@10
Did you mean, "become", or did you mean, "cum like Mexico". Either way, I'm offended, you racist.
Mexico is a result of capitalists raping a country. USA's rape is still in process.
-TGFHouston
Posted by guest , Jun 23, 2009 10:44AM
your tagging ability is pathetic
Posted by guest , Jun 23, 2009 10:46AM
Hey Greg, "feel-good speech" should be hyphenated, like so.
You're the jounalist. Just sayin'.
Posted by guest , Jun 23, 2009 10:46AM
@12 isnt that entire point of great foreign policy. Rape or be raped?
Posted by guest , Jun 23, 2009 10:51AM
TGFHouston Slumdog: Please tell us your experiences as a natural gas basis "wallah" for El Paso.
Posted by Perkins Maxwell , Jun 23, 2009 10:55AM
@4: The time has come for someone to put his foot down. And that foot is me.
Posted by guest , Jun 23, 2009 11:16AM
The entire universe and spacetime continuem are large, but managable.
God
Posted by guest , Jun 23, 2009 11:36AM
@18. so's your mom!
Posted by guest , Jun 23, 2009 11:57AM
@19, Don't you mean "So is Greg's mom!"?
-Wildcard Bithces!
Posted by guest , Jun 23, 2009 12:00PM
@12
A lot easier to say that from Houston rather than from Laredo, amigo.
Posted by guest , Jun 23, 2009 12:25PM
having a 12" cock up your ANUS is managable, reading this post is not
Posted by guest , Jun 23, 2009 12:51PM
@10 is correct. Go spend some time in non tourist cities in Mexico. You will see the future of the USA.
Posted by guest , Jun 23, 2009 1:11PM
Mexico is just a bigger, fatter, Colombia. Almost nobody has balls there. The US is whacking those cunts with Delta Force- type ops just like in Irag/Afghanistan and finds it less difficult in a sense because they have no ideology except greed. So....easy to kill the head.....Shit...let's just blame the Spanish for being such morons...