Tag Archive for Public Debt

Rationalization and Obligation, Part I: No Magic Bullets? New Economic Perspectives

The media and politicians in both parties are still largely echoing the Administration’s framing of the fiscal situation and absolving the President of his share of the blame for the debt limit crisis. They’re reinforcing his message They’re also preparing the way for a compromise, that will, almost certainly, result in hurtful cuts to Government spending including renewed consideration of “the Great Betrayal,” also known as “the Grand Bargain,” including passage of the chained CPI cuts to Social Security over the objections of a large majority of the American people.

Declaring the Grand Bargain Dead Is Premature – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big…

Jack Lew: Avoiding Default Is Your Responsibility Too – New Economic Perspectives

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big…

The Spin on Cyprus Gold Sale Rumor Is “Back Asswards” – Aaron Krowne – The Implode-o-Meter

by Aaron Krowne Founder, The Implode-o-Meter There’s been plenty of press about the gold (and silver) “crash” of April 12 and 15th, most of it yielding a not-so-subtle schadenfreude stench.  This is not so surprising, as anyone who has been openly positive about the precious metals’ prospects given today’s “new normal” of unprecedented “high-powered” money-printing…

Debt crisis: Europe’s democracies must not subcontract their destiny to the Bundebank -Evans-Pritchard, Telegraph

By Ambrose Evans-Pritchard Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse of global confidence in the governing structure of monetary union. Follow the money. Find the profits!Liquidity is money. Regardless of where…