Chart of US National debt/Federal receipts

[FlyerInHi]

I’m sure the Greeks are still having sex just the same or maybe more.

However, I think in today’s world where we are bombarded with ratings, we feel anxious not being near the top.
I worry about not being near the top all the time. That started in elementary school. I’m a lot easier going now but it’s always a concern.

[scaredyclassic]

The top of what?

It’s important to me to have frequent awesome poops. I do. I bet my poops are in the top 10 perc. Of the world. I use the Bristol Scale to judge my poo.i can run a fast mile and do my Krav maga. I love my kids as much as,anyone in the world loves their kids. I sleep super well, probably again in top 10 perc worldwide.

The things,that matter are not getting rated.

[scaredyclassic]

https://www.gutsense.org/constipation/normal_stools.html

Nothing is better in this world than a good healthy dump.

[FlyerInHi]

One example to relate to real estate. When i go into a nasty dirty house, I fell like I’m better off. They may have better sex or better love, but don’t see any of that. I just see a not very appealing house. I kinda pity the people living there.

In Greece people live in 1/2 constructed houses. They build a little over time.

[scaredyclassic]

But fih, how are your bowel movrments?
Do you sleep deeply?

[FlyerInHi]

My bowel movement are perfect because I eat lots of fruit and veggies.

I sleep deeply especially after some good physical exercise during the day. I sleep too much 8 hours a day. I wish I didn’t need to that much.

[FlyerInHi]

[quote=SD Realtor]I agree with cali’s point that if the treasury yields rise dramatically we are all pretty much screwed and the standard of living will change.

The shell game with the yields will go on for years maybe decades until someone pulls the plug. It will happen some day/year/decade.[/quote]

All good things must eventually end.
Then we will reset with a new currency/technology.

People like to talk about the federal debt by warning of calamity and currency collapse.
If interests do rise suddenly, we will have plenty of warning signs. First, households will stop moving up because they would no longer be able to rollover their mortgages.

The data right now is not predicting dire consequences. Don’t people say to trust the markets because all information is already priced in?

[Jazzman]

[quote=moneymaker]Seems everybody wants to compare the National debt to GDP, what good does that do. Think that when comparing it to something that something should be relevant, like the ability to pay it back which would probably be based on federal receipts and not GDP. GDP is a bigger number which makes the National debt seem smaller.[/quote]
It does seem odd, but I guess it’s more scary.

[Jazzman]

[quote=harvey][quote=FlyerInHi]If you could live forever, you would never pay off your debts either. You would keep on rolling over your debt and increase it as your income increases. You would have unending increases in standard of living.[/quote]

Good points.

A common misconception about government debt is that it eventually must be paid off down to zero. This is not true.

The size of the debt is irrelevant. The only parameter that matters is the cost of the debt. And cost is relative to many things.[/quote] I don’t think it is irrelevant. How can it be since it is part of the equation. Moreover, since the cost to service it is variable that would seem to make a strong case to keep debt to manageable levels.

[FlyerInHi]

The proportional debt to gdp is relevant. The nominal dollar number is meaningless. It’s just a number.

[scaredyclassic]

If we all stopped eating meat I think everything would be ok. Maybe it’s the planet that fails before our consumption system.

[gzz]

I think rates in the USA will be be flat to declining for a long time. Short term rates are negative in most of the developed world, and long term rates are now negative in Switzerland and getting close to negative in most of northern europe.

The 2.8% you get from the US 30 year is just about the highest in the developed world.

Switzerland is just nuts though. Deflation of more than 1% in 2015, and the central bank saying deflation will continue for at least another two years. Bank deposits denominated in Swiss Franc pay -1.25%.

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