More Treasury Paper Dumping by the Truckload. It Could Mean Only One Thing…

As if the widening Federal Budget deficits forecast by the Congressional Budget Office (CBO) weren’t bad enough, the Monthly Treasury Statement for August released last week, revealed that things are even worse than even the CBO thought.

But are we surprised?

Heck no.

We have been tracking this disaster month after month, as we watch the US Treasury dump an ever growing supply of new paper on the market month after month

Now even the mainstream media is picking up the scent.

The normally restrained Bloomberg shouted it from the mountaintops in 45 point type: