fiscal

The private sector (particularly the household sector) is overly indebted. The level of debt households now carry cannot be supported by income at the present levels of consumption. The natural tendency, therefore, is toward more…

In a White House meeting intended to break the impasse, John Boehner, the Republican speaker of the House of Representatives, instead pushed for deeper spending cuts as part of a deal that would keep the government running past a Friday…

henever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form,…

By Comstock Partners The massive U.S. debt problem that we have been discussing so often for many years has now become widely known both to investors and the general public. It has been a major topic of discussion in the media as well as…

There are four ways to reduce real debt burdens: by paying down debts via accumulated savings. by inflating away the value of money. by reneging in part or full on the promise to repay by defaulting by…

By Marc Chandler Many market observers seem to be exaggerating the role of some Federal Reserve officials, in particular James Bullard, who has mentioned exiting from QE2 before completing the $60 bln of purchases. Plosser, a voting…

By L. Randall Wray Washington's deficit hysteria has morphed into gridlock over expansion of federal government debt limits. It is as if that stupid “debt clock” on Times Square had run out of electrons to keep the numbers racing ever…

Apparently, George Osborne, the current Chancellor, has such a bedroom voice that he puts the Lord Chancellor to sleep. Sweet dreams.

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

European officials have reached an agreement in principle that falls well shy of the “comprehensive plan” officials had promised and is unlikely to provide investors with a sense of closure to the debt crisis that began in late 2009. Yet…