government

David Rosenberg takes on the sovereign debt issue in his latest commentary, highlighting the structural deficits in the U.S. and the U.K. They are actually higher than in Spain or Greece. Greece here, Portugal there. Did you know that…

I came across an article in the FT by Gideon Rachman which examined “How Reagan ruined conservatism.” It is an interesting piece which claims that traditional conservatives abhor populism and respect knowledge, while the Reagan Revolution…

The following is a post by Marc Chandler, global head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Greek bonds are continuing to recover from the sell-off at the end of last…

The Wall Street Journal is reporting that a plan to bail out Greece to the tune of $41 billion is now being formulated by Germany and France. It might seem as if a bailout is inevitable and that the terms of such a bailout are the only…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Pessimism pervades discussions of Europe today.  Optimists are not to be…

Also see Greece in turmoil over austerity from the FT.

Former New Jersey Governor Jon Corzine talks with Bloomberg's Deirdre Bolton and Erik Schatzker about his concerns about the U.S. budget deficit and stimulus-spending strategy.

This is a post by Edward Hugh, who also blogs at Global Economy Matters. “If you don’t fully understand an instrument, don’t buy it.” To the above advice from Emilio Botín, Executive Chairman of Spain’s Grupo Santander, I would simply…

New Jersey Governor Chris Christie declared a “fiscal emergency” for the state of New Jersey today, announcing massive cuts to schools and hospitals.  The issue is less the budget for this year, which itself shows a deficit of $2.2…

A while back I wrote a post called A populist interpretation of the latest Boom-Bust cycle that used a passage from Jared Diamond’s Pulitzer Prize-winning Guns, Germs and Steel on kleptocracy as a jumping-off point for a larger discussion…