Wednesday, August 12, 2009

More On Government Balance Sheets

Yesterday I spoke about the federal governments balance sheet and how its grown since last year.

Here is more evidence that the federal balance sheet is going to get more bloated.

www.reuters.com/article/ousiv/idUSTRE57706N20090808

With new debt of $2T for 2009, and $1.6T for 2010, you can see the upward pressure on interest rates. Which makes the job of the FRB that much more difficult.

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