debt ceiling

Michael Hudson argues forcefully that the juxtaposition of bailouts for the largest American banks and cuts for ordinary Americans makes clear that government is promoting a redistribution of income to upper income brackets. He sees the…

For you political junkies, I ask: doesn’t this have the ring of truth to it?

Comstock Partners argues that while the stock market seems ready cheer any agreement that increases the debt ceiling and avoids a default, such cheering may be extremely short-lived as the economy sinks further under the burden of…

This post is a prelude to a BBC interview on the sovereign debt crisis. I am not going to answer financial Armageddon questions about "what oif it all goes pear-shaped" here because to understand where things are headed you need to know how…

Safe havens continue trade on the back foot as risk appetite resurgences; European stocks up over 1%. Euro trades above $1.42 ahead of tomorrow’s summit; EZ summit likely to address two key issues. Brazil’s central bank expected to deliver…

If I had to make parallels for today's time in history, I still say this is Hoover’s time, not Roosevelt’s and certainly not Clinton’s.

The sense that America’s spending is out of control is visceral. It will be cut. Looking for a job, running a business or Investing in a world of austerity is a lot different from getting along in normal times. I advise everyone to think…

In my view, fiat currency is a confidence trick. The key to confidence in a fiat currency is the belief of citizens that the government issuing the currency will manage its finances in a way that promotes general “life, liberty and…

If you are an investor, businessperson or employee, what you care about is outcomes. You want to know what’s likely to happen in the economy and in the markets. That is what this site is all about. What I see says that cuts were coming.…

Here’s what Germany’s largest daily newspaper Bild Zeitung has to say about the politics in the US around the debt ceiling.