Parisian Family Office, CEO. Began Wall Street 1982. Drexel Burnham alum. Founded investment firm, Native American Advisors, '95. White Earth Chippewa, raised on many reservations. Conservative. NYSE/FINRA arb. Pureblood, clot-shot free. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Play by my own rules.
Tuesday, March 23, 2010
Big numbers, real big...........
Just in case some people forget what the trade off to the market melt up is, here's a periodic daily report of the Treasury's total debt subject to the statutory limit. Today's total: $12,607,140,000,000. We started March at $12,383,717,000,000. We started the fiscal year (October 1) at $11,853,434,000,000. We have added $223 billion of debt in the last three weeks, and $755 billion in just 5 months. As a reminder, the debt limit is $14.3 trillion. We are $1.7 trillion away from the limit. At March's run-rate of about $300 billion per month, the debt ceiling will be breached by October 2010.
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