In the coming days, weeks, and months we’re sure to hear a lot about the US Government’s debt ceiling, but if you don’t know what it is, how it works, and why it matters, then you can’t possibly know why the debt ceiling is so important.
We’ll break the US debt ceiling down into two major pieces: what, and why we have a debt ceiling.
What is the US Debt Ceiling
After a second glimpse into their books, the US Treasury found that the Chinese government actually owns far more US debt than was previously thought—some 30 percent more. In fact, following a release two months ago, China’s ownership of US debt was revised up to $1.6 Trillion.
Chinese Stockpile of US Debt Exploding
I get a laugh of all the coverage of Warren Buffett and his investing style. While he’s certainly a leader in investing thought, he’s also a staple in the ideas of value investing and many look toward Buffett as confirmation of their investing objective.
When Buffett Goes Bullish