muses of the moment

May 30, 2013

John Williams of Shadowstats.com

Filed under: Economic Crisis, John Williams shadowstats — Tags: — totallygroovygirlfriday @ 12:13 pm

John has put out a Special Report. You pay for the detail, but here is the free summary, bold is mine:

– $25 Million Shy of New Debt Ceiling, U.S. Treasury Holds $16.1 Billion, About One Day’s Worth of Regular Operating Cash
– Since Onset of Expanded QE3, Fed Has Monetized 73% of Net Public Treasury Debt Issuance, Should Hit 100% by Mid-July
– Fed Locked into Quantitative Easing for Foreseeable Future by Economic Woes, Banking System Difficulties and Treasury Borrowing Problems
– Narrowed Budget Deficit Forecasts Reflect One-Time Accelerated Tax Receipts, “Dividend” Payments and Overly-Optimistic Assumptions, Economic and Otherwise
– Developing Washington Scandals Could Impair U.S. Dollar
– General Outlook Has Not Changed

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