US Treasury Pays Down Over $484 Billion In Bills In April: Debt Roll Concerns Becomes Acute

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Tue, 04/27/2010 - 16:48 | 320430 schoolsout
schoolsout's picture

Uh, this stuff goes over my head for the most part, but, uh, things don't sound so honkey dory today

Tue, 04/27/2010 - 17:16 | 320520 RonnieHonduras
RonnieHonduras's picture

No worries. Alfred E. Galbraith says move right along:

Tue, 04/27/2010 - 18:49 | 320778 potatomafia
potatomafia's picture

Someone tell that fear mongering, pessimism porn addict, gold shill Peter Schiff to shut his yapper!!


Look at our debt to GDP!!!!!!!!!!!!!!!!!!  Nothing to worry about here.




Oh wait, i mean baaaah, baaah.. baaaaah bah..

Tue, 04/27/2010 - 18:59 | 320801 akak
akak's picture

Yeah, I just can't STAND that SOB Schiff ---- I  mean, how DARE he expose the uncomfortable truth and demolish the feel-good propaganda of the hysterically pro-status-quo corporate media?  Doesn't he realize how many Americans are all comfy snuggled up to their green shoots and mustard seeds, with the blanket of "recovery" pulled over their heads? 

(Even if it IS a mighty thin blanket, and those green shoots are turning brown and starting to rot and stink.)

Tue, 04/27/2010 - 17:51 | 320624 John Self
John Self's picture

About as hunky dory as Bear Stearns relying on the repo market for its day-to-day funding.

Tue, 04/27/2010 - 18:09 | 320700 gator gatlin
gator gatlin's picture

Looks like the monthly average YTD is around $472B so what is the big deal with April? Admittedly, they/we have a huge funding problem which will one day blow up but this data point does not stand out as much as the post makes it seem.  No?

Tue, 04/27/2010 - 16:50 | 320439 Dr. No
Dr. No's picture

With the ladder on a bananna peel.

Tue, 04/27/2010 - 18:00 | 320672 Cognitive Dissonance
Cognitive Dissonance's picture

Where's that banana Harry Wanger when we need him? Maybe he was cleaning out his shorts?

Tue, 04/27/2010 - 18:03 | 320687 Mad Max
Mad Max's picture

He's buying AAPL at $260 for 1x future earnings.

Tue, 04/27/2010 - 18:47 | 320780 akak
akak's picture


Tue, 04/27/2010 - 21:49 | 321071 AccreditedEYE
AccreditedEYE's picture

I'm very comfortable having him on the other side of my AAPL trade.

Tue, 04/27/2010 - 21:26 | 321042 Crime of the Century
Crime of the Century's picture

He's at the coin shop with Bates...

Tue, 04/27/2010 - 21:30 | 321049 akak
akak's picture

Bates is now "Johnny Bravo", did you know?

You should have no trouble finding him, though --- just look for any article that touches on gold or financial collapse (the Achilles' heel of the pro-establishment troll), and his comments are sure to be found beneath.  Like a shit-eating moth to a golden flame, they simply cannot resist being attracted to such discussions.

Wed, 04/28/2010 - 00:54 | 321256 Alienated Serf
Alienated Serf's picture

lol@ (the Achilles' heel of the pro-establishment troll)

Tue, 04/27/2010 - 16:52 | 320442 casino capitalism
casino capitalism's picture

The financial system of the world is a house of cards.

Tue, 04/27/2010 - 16:52 | 320445 Mongo
Mongo's picture

Got silver?

Tue, 04/27/2010 - 16:55 | 320452 tmosley
tmosley's picture

Looks like the US won't be able to roll over its mortgage like it's broker promised it would, and it's facing one hell of a balloon payment.

The only question left is, where does America mail the keys?

Tue, 04/27/2010 - 17:34 | 320573 faustian bargain
faustian bargain's picture


Tue, 04/27/2010 - 17:43 | 320599 ZerOhead
ZerOhead's picture

Sounds about right... they are always looking for more scrap metal...

Tue, 04/27/2010 - 16:55 | 320455 tecno242
tecno242's picture

no worries, the banks will bail out the government with all their profits. LOL

Tue, 04/27/2010 - 16:56 | 320457 monmick
monmick's picture

...while there is 7.2 earthquake occurring...

Tue, 04/27/2010 - 17:01 | 320479 Assetman
Assetman's picture

...those are Bernenke's knees, you silly boy!

Tue, 04/27/2010 - 18:00 | 320670 Kitler
Kitler's picture

They are moving the last of the nations gold out of the Fed's vault?

Tue, 04/27/2010 - 16:56 | 320459 whatsinaname
whatsinaname's picture

yeah got silver but gold is shining more today poof..

Tue, 04/27/2010 - 17:09 | 320501 aurum
aurum's picture

give it time...silver will be the sheeples gold when they finally wake up.

Tue, 04/27/2010 - 17:20 | 320530 Postal
Postal's picture

Silver is this sheeple's gold, as silver is the PM I can afford. :-(

Tue, 04/27/2010 - 17:54 | 320647 aurum
aurum's picture

you're not a member of the're buying PMs now and are, at the very least, informed enough to be reading ZH...its going to be interesting to see the % gain differences among the PMs from here on out. although i love gold, i believe silver may have a run thats better than most anticipate.

Tue, 04/27/2010 - 17:56 | 320658 malusDiaz
malusDiaz's picture

me too


Silver BitcheS!

Tue, 04/27/2010 - 17:57 | 320661 Alienated Serf
Alienated Serf's picture

same here postal. baah baah. 

Tue, 04/27/2010 - 16:59 | 320472 Sudden Debt
Sudden Debt's picture

Half a trillion, that shouldn'd be a problem for America. That's only 2000$ per person living in America!


Everybody chip in!

Tue, 04/27/2010 - 17:00 | 320475 chet
chet's picture

It's like payday loansharking... oops, I mean "lending."  Take out one loan, find out you can't pay it back during the next pay period, so you roll it over.  And keep rolling it over with fees and interest until it doesn't work any more.

Same financial strategy for the US government and the lowliest payday loan borrower.

Tue, 04/27/2010 - 17:21 | 320535 Miles Kendig
Miles Kendig's picture

Exactly.  Our nation is sucked into the payday cash hustle.  deep.

Tue, 04/27/2010 - 17:33 | 320569 cougar_w
cougar_w's picture

Easy out: Murder the loan holder.

Sure that means war, but whoever gets the first good punch in wins.

It was a gamble all along anyway.

Tue, 04/27/2010 - 19:06 | 320819 potatomafia
potatomafia's picture

No, no.  See you just dont "get it".  War is what gets you out of a recession, did you forget about the Great Depression and WW2?  Its really just a big stimulus!!  Keynesian style of course.

Tue, 04/27/2010 - 17:00 | 320477 whatsinaname
whatsinaname's picture

so ZH theory of sell equities to lower rates for debt roll beginning to play out folks ? or just a temp blip on way to bigger bubble ?

Tue, 04/27/2010 - 17:01 | 320480 AR15AU
AR15AU's picture

Nothing a little QE magic can't fix...

Tue, 04/27/2010 - 17:02 | 320482 Catullus
Catullus's picture

Don't worry. The us can still dip in military tsp plans.

Tue, 04/27/2010 - 21:29 | 321047 Crime of the Century
Crime of the Century's picture

A couple billion? That ain't gonna cut it...

Tue, 04/27/2010 - 17:02 | 320484 john_connor
john_connor's picture

Note to sociopaths: cash flow does matter

Tue, 04/27/2010 - 17:17 | 320507 Kitler
Kitler's picture

Then they'll just have make more of it to flow.

I don't know what everyone is so worried about. Obama Economic Recovery Team member and former Harvard brainiac Larry Summers himself said that debt doesn't matter since every debt has a corresponding asset therefore the more we print the richer we (or someone else) gets blah blah blah! He says soon we'll be so stinking rich even kids selling lemonade will be millionaires just like in Zimbabwe...

And a short term debt problem has got to better than a long term debt problem... right Larry... Larry?

Tue, 04/27/2010 - 17:18 | 320525 john_connor
john_connor's picture

it is a negative feedback loop.  "making more of it to flow" will just cause a bigger problem.  huge currency swings are outlet valves to all of this but sovereigns are at the limit because they don't have unlimited taxing power.  Riots can shut any country down. 

Tue, 04/27/2010 - 17:24 | 320548 Dr. No
Dr. No's picture

But can they bring down Skynet?  We have yet to learn if John Connor can lead us to victory.  Perhaps my leadership would be better suited to a new world order?

Tue, 04/27/2010 - 17:37 | 320577 ZerOhead
ZerOhead's picture

Agreed. We cannot take a chance on John Conners' unproven leadership...

I vote NO!

(Dr. No that is...)

Tue, 04/27/2010 - 18:47 | 320781 lucky 81
lucky 81's picture

'without conscience' and 'snakes in suits' . must reads. 

Tue, 04/27/2010 - 22:41 | 321120 aaronvelasquez
aaronvelasquez's picture

Thank you.

Tue, 04/27/2010 - 17:02 | 320485 docj
docj's picture

You worry too much, Durden.  I'm sure Barry, Turbo Tim and Benron have it all under control.

You can stop laughing anytime.

Tue, 04/27/2010 - 17:04 | 320489 rubearish10
rubearish10's picture

So, as long as European Crisis stays on the front pages, UST should be able to raise money. Can't wait for the opportunity to buy more Gold, unless that chance is over??

Tue, 04/27/2010 - 17:53 | 320637 tmosley
tmosley's picture

Options and futures contracts are expiring this week.  If there isn't a buying opportunity Thursday or Friday morning, you may indeed have missed your chance (as that is when the manipulators are out in force).  If they fail to force options contracts out of the money, then the manipulation may well be at an end, and you will just have to buy the grind as it works its way up to $2000 and beyond.

I woud hold off judgement on the manipulation being over until I see two or three months with options expirations that don't contain mysterious selloffs.

Tue, 04/27/2010 - 17:05 | 320491 Postal
Postal's picture

Didn't the Grand High Squid declare just a few days ago that U.S. debt wasn't a problem?

Tue, 04/27/2010 - 17:09 | 320502 kaiten
kaiten's picture

So this is the whole Greek story about - distraction.

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