• 23 Jun 2009 at 10:01 AM

$2 Trillion Debt Is “Manageable”

By Greg Michaels

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]

Comments (24)

  1. 1
    Posted by guest | June 23, 2009 at 10:09 AM

    Its ok, they’ll bully Moody’s into continuing the AAA charade until the bottom falls the fuck out.

  2. 2
    Posted by Ben_H | June 23, 2009 at 10:11 AM

    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!

  3. 3
    Posted by guest | June 23, 2009 at 10:15 AM

    Karthik Ramalamalamalan?
    Nah gonna.. nah gonna.. nah gonna work here anymore.

  4. 4
    Posted by guest | June 23, 2009 at 10:20 AM

    @3 Kent, I’d like you to meet Karthik, Jugdish, Sidney, and Clayton.

  5. 5
    Posted by guest | June 23, 2009 at 10:23 AM

    OK, OK…..the current bid for lunch with me is now at $25.00 US. How about it? Come on, now!!
    ~Boone

  6. 6
    Posted by guest | June 23, 2009 at 10:27 AM

    BA BA BA BA-BLANUS!

  7. 7
    Posted by guest | June 23, 2009 at 10:31 AM

    short US – shorter than gregs pickle

  8. 8
    Posted by guest | June 23, 2009 at 10:31 AM

    @3 It’s Karthik Ramalamabingbang to William H. Gross.

  9. 9
    Posted by guest | June 23, 2009 at 10:34 AM

    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.

  10. 10
    Posted by guest | June 23, 2009 at 10:36 AM

    If the middle class of the US doesn’t fight for itself, the US will be come like Mexico.

  11. 11
    Posted by guest | June 23, 2009 at 10:38 AM

    If only there was a triple-leveraged, ultra-short etf on G. Mike’s career.

  12. 12
    Posted by guest | June 23, 2009 at 10:40 AM

    @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

  13. 13
    Posted by guest | June 23, 2009 at 10:44 AM

    your tagging ability is pathetic

  14. 14
    Posted by guest | June 23, 2009 at 10:46 AM

    Hey Greg, “feel-good speech” should be hyphenated, like so.
    You’re the jounalist. Just sayin’.

  15. 15
    Posted by guest | June 23, 2009 at 10:46 AM

    @12 isnt that entire point of great foreign policy. Rape or be raped?

  16. 16
    Posted by guest | June 23, 2009 at 10:51 AM

    TGFHouston Slumdog: Please tell us your experiences as a natural gas basis “wallah” for El Paso.

  17. 17
    Posted by Perkins Maxwell | June 23, 2009 at 10:55 AM

    @4: The time has come for someone to put his foot down. And that foot is me.

  18. 18
    Posted by guest | June 23, 2009 at 11:16 AM

    The entire universe and spacetime continuem are large, but managable.
    God

  19. 19
    Posted by guest | June 23, 2009 at 11:36 AM

    @18. so’s your mom!

  20. 20
    Posted by guest | June 23, 2009 at 11:57 AM

    @19, Don’t you mean “So is Greg’s mom!”?
    -Wildcard Bithces!

  21. 21
    Posted by guest | June 23, 2009 at 12:00 PM

    @12
    A lot easier to say that from Houston rather than from Laredo, amigo.

  22. 22
    Posted by guest | June 23, 2009 at 12:25 PM

    having a 12″ cock up your ANUS is managable, reading this post is not

  23. 23
    Posted by guest | June 23, 2009 at 12:51 PM

    @10 is correct. Go spend some time in non tourist cities in Mexico. You will see the future of the USA.

  24. 24
    Posted by guest | June 23, 2009 at 1:11 PM

    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…

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