The US fiscal standoff should mean recession in Q2

Last Tuesday I updated you with my latest thinking about the twin fiscal debates on the debt ceiling and the remaining fiscal cliff items. I said then that the debt ceiling fight would come first and take precedence but that default on US public debt would be a step too far - and so Republicans would capitulate, forcing them to put their efforts into the sequester cuts that were delayed at the beginning of the year. The biggest change since then is that default looks to be off the table, making ...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More