traderdannorcini.blogspot.com / By Dan Norcini / Thursday, February 7, 2013
I came across the following story in my readings today and quite frankly, was thunderstruck after going through it and looking at the data. I did not think this was possible and am still at a loss to explain it so perhaps some of you math whizzes out there can make it simpler for me. Either way, it is simply mindboggling!
Here is the title – see if it makes you sit up and take notice as it did me!
Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued
Here is the link:
Here are the appropriate links referenced in the article.
Federal Debt outstanding as of the end of the calendar year 2012: 16,432,730,050,569.12
Federal Debt outstanding as of February 6, 2013: 16,479,954,658,103.57
Amount of Increase in Debt: 47,224,607,534.40
