Page 45 - Bond Yield News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hitting growth, causing social unrest and of course there's a lot of questions about the political will, not only in greece to take another step but of course around all of the european union. we're talking about more strikes in greece. the greek government, not making enough cuts. most of the greek citizens would not agree with that. if greece does get a new deal, ireland would want another new deal as well. there's 78 billion euros of loan going to portugal and there's a lot of talk about what the portuguese, what the measures portugal will have to take, how unpopular those will be of course...

Plans with public workers. if you don't go after the unions, as what wisconsin's governor wants to do, as governor kasich wants to do in ohio? >> states with pension shortfall, can they go into the muny bond market and try to borrow? we see the muny bond market, the nerves are on edge because the muny bond market knows there's a deficit out there. so, the other issue, too, do you allow states to file bankruptcy in order to break those contracts? the republicans talk about it in washington d.c. talking to guys on wall street, they say that would be really bad because it would cause-- who would ...

What is a good rule of thumb for consumer and country? >> the issue is the interest on the debt. it's getting to blow hole on the balance sheet the size of egypt. if you are borrowing money for the interest cost, good capital is not going to the economy to grow the businesses. they're saying -- we only pull in $2.7 trillion in tax revenue and we borrow the rest. if it gets to 20%, trending up, the interest costs. when the credit rate goes down and borrowing cost goes up and more taxpayers to spend on the bond yield. >> who is going to lend us the money? >> right. china is already saying that. ...

Wrote in his book and told congress the reason he did it russia, he says, advising china to dump fannie and freddie debt. in other words the bond yield started to fall apart and the government had the seize those two immediately. >> mike: we hear the president say the economy is on the rebound. are we doing better? >> the economy is expanding. that is true. there is some very limited new job creation, very limited. the deficit, the hangover of debt will slow us down. we're not recovering in a robust fashion like we should be from a se serious recession. far from it. it's slow recovery. >> the ...

What is a good rule of thumb for consumer and country? >> the issue is the interest on the debt. it's getting to blow hole on the balance sheet the size of egypt. if you are borrowing money for the interest cost, good capital is not going to the economy to grow the businesses. they're saying -- we only pull in $2.7 trillion in tax revenue and we borrow the rest. if it gets to 20%, trending up, the interest costs. when the credit rate goes down and borrowing cost goes up and more taxpayers to spend on the bond yield. >> who is going to lend us the money? >> right. china is already saying that. ...