The debt keeps rising

So I expressed my frustration with the Treasury for blowing up the national credit card, and guess what? They did it twice more.  So let's keep track, updated daily, starting with Nov. 11 (which was a holiday, so it probably really means the previous day).

11/11/2015 $18,649 bn
11/12/2015 $18,654 bn
11/15/2015 $18,660 bn
11/16/2015 $18,670 bn

I'm going to keep reporting on it until it stops rising for 2 days in a row.  That shouldn't take very long, you would think.  This is ridiculous.

The Debt is back

Ok, we understand that the debt had been frozen for about 9 months and Jack Lew was playing games with trust funds and flush funds to keep it under the limit.  But still, a $500 billion increase in less than two weeks?  Supposedly, the deficit is "only" about $450 billion per year.  So just stop it with the national credit card for a while, ok?  Since October 27, the debt has gone up every single day except for one.  Give us a break for a couple of months please.

Shadow Rate

I have never heard of the shadow rate before today.  Thank you Peter Schiff for introducing it to me.  See here.  The shadow rate can be negative, unlike the official rate. How is it calculated?

See the working paper, very interesting. I think once this goes above zero that the actual rate should follow.