fiscal

by Annaly Capital Management The chatter is deafening. The results of the primary elections this week, with the strong anti-incumbent fervor and the surprising showing by the Tea Party, has Beltway pundits all aflutter about the possible…

Seventy years ago next month, Winston Churchill described Soviet foreign policy as a “riddle wrapped in a mystery inside an enigma”. That now may be apropos of the Japanese yen. Japan is a country that appears to be literally in decline.…

From Win Thin, Senior Currency Strategist at BBH. Bloomberg headline reads “Europe’s Budget Cuts Pose Risk to Debt Ratings, Moody’s Says.”  Really?The article goes on to quote the agency as saying budget cuts in response to the…

Bloomberg's David Tweed has made a run through Europe highlighting the economy in each country as he reports this August. He has just gone to the Baltic countries of Estonia, Latvia and Lithuania, the videos of which I feature below. While…

Well, before we go any further, I would like to make clear that what I am going to talk about in this post is not anything illegal, or even irregular (things like this must be going on in almost all Euro Area countries even as I write).…

Topic of the day: Fiscal Problems 1. The U.S. and Reinhart and Rogoff Reinhart And Rogoff Are Confusing Me - Paul Krugman Blog - NYTimes.com Debt and growth revisited | Reinhart and Rogoff Why Won’t “Fiscal Hawks” Discuss The…

Marshall Auerback here. Our Treasury Secretary has conceded that it is still a “tough economy” for most Americans, and warned it’s possible the unemployment rate will go up for a couple of months before it comes down. Given the…

By L. Randall Wray Deficit hawks raise three objections to persistent federal government budget deficits: a) they pose a solvency risk that could force to government default on its debt; b) they pose an inflation, or even a hyperinflation,…

I have enjoyed Edward Hugh and Claus Vistesen's posting here as well as on their own sites because they add a European angle to the commentary I think we lacked. But, they also have brought their considerable interest in demographics to…

If you want to cut taxes and say you prefer them to increased spending, fine. But let's not act like tax cuts reduce the deficit. They don't. When I say economists and policy makers abuse economic ideology for political purposes, this is…