Is the fiscal debate political or market-driven?
The eponymous debate in the US over government spending, debt and deficits is whether the issues are fundamentally market-driven or politically-motivated. For example, recently Trump economic advisor Larry Kudlow told the Economic Club of New York that “We have to be tougher on spending” and went on to make the case for cutting Social Security and Medicare in order to get tougher on spending.
Now, is Kudlow making the case for the bond market vig...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.