US per capita debt greater than Greece , Italy , Spain , Portugal and France for that matter........And October started off with a bang as we added 120 billion more in debt !

http://www.silverdoctors.com/chart-of-the-day-us-per-capita-debt-now-35-higher-than-greece/#more-17173

( US worse than Greece ! )

CHART OF THE DAY: US PER CAPITA DEBT NOW 35% HIGHER THAN GREECE

NOVEMBER 13, 2012 BY THE DOC 10 COMMENTS

For over a year we have maintained here at SD that as the gov’t debt crisis accelerates and reaches the end game, the PIIGS will become F UK US PIIGS as France, the UK, and finally the US reach a solvency/ debt crisis on the same stage currently experienced by the southern European nations such as Greece.

Today’s Chart of the Day vividly drives this point home, as US per person debt is now an astonishing $53,378- a full 35% higher than that of Greece.

and more of the same......

http://www.zerohedge.com/news/2012-11-13/us-budget-deficit-soars-october-government-spends-over-300-billion-one-month

US Budget Deficit Soars In October As Government Spends Over $300 Billion In One Month

Submitted by Tyler Durden on 11/13/2012 14:27 -0500

• Budget Deficit
 
• Hank Paulson
 
• Hank Paulson
 
• Lehman

Moments ago the MTS released the final October budget report. It was not pretty, although those who read our report on how much debt was added - $195 billion to be precise - in the first month of the 2013 Fiscal Year will know where this is going. The US budget deficit was expected to soar after the September surplus of $75 billion, driven entirely by calendar shifts and pre-election propaganda, to -$113 billion. That was optimistic: the total amount of overspending in October was $120 billion. What is distressing is that this was well above the $98.5 billion deficit from a year ago, and confirms that the long-term trendline of ever greater spending continues. This was also the fourth largest October deficit in history. And looking merely at the spending side of the ledger, the US government's outlays in October alone were $304 billion. This is the third biggest October monthly spend for the government ever, and just why of the all time high $320.4 billion record in October 2008, when everything imploded after Lehman failure and Hank Paulson was literally dousing the monetary flames with brand new Benjamins.

October deficits across the years:

And October government spending from 2000 through 2012:

And has the Fed lost its touch ? Unless Fed traders are buying S&P minis like mad , no lift from the market after QE to infinity allegedly launched......

http://www.zerohedge.com/news/2012-11-13/remember-when-fed-permadove-promising-perpa-zirp-sent-stocks-higher

Remember When A Fed Permadove Promising Perpa-ZIRP Sent Stocks Higher?

Submitted by Tyler Durden on 11/13/2012 15:48 -0500

• Janet Yellen

There was a time when bears looked on with dread as a Fed Permadove and vice chair Janet Yellen cleared her throat in advance of delivering prepared remarks, knowing well the algos would go full liftathon retard as soon as the flashing red highlights hit the screen. Well, Yellen did just that in a speech titled "Revolution and Evolution in Central Bank Communications" (link here). Some of the highlights:

• YELLEN SAYS FED SHOULD LINK LOW-RATE OUTLOOK TO ECONOMIC GOALS
• YELLEN FAVORS ELIMINATING CALENDAR-DATE COMMITMENT TO EASING
• • YELLEN WOULD LINK STIMULUS EXIT TO INFLATION, JOBS THRESHOLDS
  • YELLEN SAYS 2% INFLATION SHOULDN'T BE CONSIDERED A CEILING
  • YELLEN SAYS OPTIMAL POLICY FOR BALANCED APPROACH INVOLVES KEEPING ZIRP UNTIL EARLY 2016
  And... nothing. In fact, worse than nothing -selloff! We have now gotten to a point where the Fed implicitly promising it may keep ZIRP until even longer than previously promised, or 2016, results in a coordinated dump.
  
  The empty chatterbox pundits out there may say to "not fight the Fed", and the irony is that they may be right: after all why should anyone fight the Fed, when the Fed is doing a great enough job of fighting itself, for one simple reason: when you promise eternity, you can't top it (as we warned the day QEternity was announced).