Treasury two-year notes reach their 5 months High as the U.S. economy unexpectedly lost jobs in December, giving a signal that the labor market has yet to emerge from its worst slump since World War II.
Between 2- and 10-year U.S. debt the yield difference has been expanded to near the most ever before that the Treasury sells $84 billion in notes and bonds next week.
Do you know how much is a trillion dollars? Mathematically this simple equation would be use to express it: A trillion dollars = $1,000,000,000,000.
So you can see that it takes 12 zeroes to the left of the decimal point to make a trillion. Or in other words, we can say that a trillion is a million million dollars.
Time magazine has explained it in this way that when you are trying to comprehend a trillion-dollar deficit, then for that you might be willing to calculate how much money that represents per person in the U.S. When you divide one trillion dollars by 300 million Americans then you will get $3,333. Then you may search for a useful comparison. A convenient comparison is to the amount of credit-card debt that the average person in this country carries. That figure is $3,245.
It is difficult for us to wrap our minds around such a large number. This affliction is not shared by President Barack Obama. The U.S. Senate is being pushed by him to raise the U.S. debt ceiling beyond $12.1 trillion. This year’s deficit alone is set to cross $1.8 trillion.
