Thu, 26th November 2015

Anirudh Sethi Report


Archives of “newt gingrich” Tag

Presenting America’s New Debt Ceiling: $19,600,000,000,000

Even as the bond market has been rather concerned about another possible debt ceiling showdown as we showed before, and which earlier today prompted the Treasury to announce the purposefully dramatic step of postponing the auction of 2 Year Notes next week, the reality is that one way or another, with an equity-driven wake up call for the GOP or without, the debt ceiling will be raised.

The only question is how much.

As a reminder, the reason why the total US debt held by the public hasn’t budged from $18.1 trillion since March 16, 2015 is because that is when the last debt ceiling limit was hit. In the seven month since, the US Treasury has been cruising along on emergency cash measures, even as the total debt – if only for reporting purposes – has not budged (in reality it has grown by about half a trillion).

It will budge very soon, because no matter what the outcome of the upcoming week of debt ceiling negotiations, one thing is certain: the US has to be able to borrow more in order to survive.

And as The Hill reported, when one gets beyond the traditional posturing, the outcome will be the following: 

Links for u

Japan’s first trade deficit since 1980 raises debt doubts (Reuters)
• Freddie Mac: What it did, what went wrong (CNN Money)
• Amid Attacks on Private Equity, Efforts to Study Its Value (DealBooksee also At Davos, a Big Issue Is the Have-Lots vs. the Have-Nots (DealBook)
• George Soros on the Coming U.S. Class War (The Daily Beast)
• Solar Proving Cheaper Than Diesel in India Making Mittal Believer: Energy (Bloomberg)
• Why Brokers Still Needn’t Put Clients First (Smart Money)
• In Europe, a Conflict Over Bank Capital (DealBooksee also Merkel Becomes Master of Markets With Euro Austerity Mollifying Investors (Bloomberg)
• Obama Urges Tougher Laws on Financial Fraud (NYT)
• 1984: The Swinging Days of Newt Gingrich (MoJosee also Gingrich is Obama’s best surrogate (Washington Post)
• Google announces privacy changes across products; users can’t opt out (Washington Post)

• This is Tim: Apple’s CEO in his own words (Macworld)
• WTF headline of the day: Billionaires at Davos Bemoan Inequalities (Bloombergsee also Davos Man Diminished by Scandal With Murdoch Perennials Missing (Bloomberg)
• Will Emerging Markets Fall in 2012? (Jeff Frankel)
• Fascinating history: How Slavery Led to Modern Capitalism (Bloomberg)
• Hi-larious! GREETINGS FROM DAVOS!!! (The Reformed Brokersee also Davos dodges the future of capitalism (Reuters)
• A Way to Make People Buy Homes Again (NYTLower prices?
• Carried Interest Debate Gains Momentum With Romney’s Income-Tax Disclosure (Bloomberg)see also Mitt Romney Is in the Top 0.0025% (WSJ)
• Fumblerules of Grammar (Lists Of Note)
• How Do We Identify Good Ideas? (Wired)

Links for U

MF Global for Dummies (i.e., Congress) (Peter Brandt)
• Hislsenrath: At home with Ben Bernanke (Alphaville)
• The best and worst of Wall Street 2011 (Fortunesee also Top economists reveal their graphs of 2011 (BBC News)
• Housing Bust to Look Worse With Sales Revised (WSJ)
• Gingrich Tax Plan Would Codify Lower Taxes On Rich Than On Middle Class (TPMsee alsoNewt Gingrich and his sleazy ways: A history lesson (Fortune)
• China-Based Hacking of 760 Companies Reflects Undeclared Global Cyber War (Bloomberg)
• The dos and don’ts of Googling people (CNNsee also Google’s 3 Top Executives Have 8 Private Jets (Tech Crunch)
• Amazon’s Kindle Fire lets kids charge up a storm (Yahoo Finance)
• Steve Jobs: Reflections on His Legacy (Wired)
• Handbook for Life: 52 Tips for Happiness and Productivity (Zen Habits)

Just Late Night and in Morning read these links……….u too can read and enjoy !