“We are both heading for the cliff. Who jumps first is the Chicken.” …
Looking Over the Fiscal Cliff
You’ve heard plenty about the fiscal cliff. But little attention has been paid to what’s beyond it. What’s beyond it is another higher, steeper cliff. The federal debt now exceeds…
News You May Have Missed
With the election season in full swing, dominating the airwaves, Internet and print media, you may have missed some of the other news from the past week. Here are a…
This Is Progress?
Economic growth for the second quarter of 2012 officially has been revised down to 1.25%, which is below the lowest previous estimate. In an effort to stimulate the economy, the…
Is America Going Greek?
The federal deficit of $1.327 trillion for 2012 marks the fourth straight year in which the deficit has exceeded $1.29 trillion. The U.S. Debt Clock is now above $15.3 trillion,…
Beyond Sovereign Debt
Put together a union of strong countries like Germany and weak countries like Greece and what will happen? Will the weak countries learn from the strong ones and become fiscally…
Europanic Spreading
Stocks surged recently when a new plan for dealing with Europe’s sovereign debt was announced. Then they came crashing back down when it became clear that the plan was more…
T-Bills, Munis Are Hot … Compared With Everything Else
You could say that the yield on three-month Treasury bills has quintupled this month, which would explain why they are in demand. Or you could say that yields on three-month…
Let’s Hear It for Growth … A Little Louder, Please
You call this a recovery? Typically, the rule is this – the bigger the recession, the stronger the recovery. By any measure, the recent recession was a whopper. Yet gross…