Provided that the Senate and House follow through on the scenario now on the table, it looks like the game of chicken worked for the Democrats this time. We’re off the hook on default and Government shutdown for now, and Washington village pundits are in full-throated cries of celebration.
Tag Archive for Public Debt
Contributors- Economic and Financial, Must Read
Rationalization and Obligation, Part I: No Magic Bullets? New Economic Perspectives
by Joe Firestone • • 0 Comments
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.
Contributors- Economic and Financial, Must Read, William Black
Stop “the Great Betrayal:” Kabuki Update – New Economic Perspectives
by Joe Firestone • • 0 Comments
It now looks like the big media and leaders in both parties are no longer focusing on the Government Shutdown crisis, but are now moving on to the notion that the shutdown is melding with the upcoming probable breaching of the debt limit to create a combined mother of all fiscal crises.
Contributors- Economic and Financial, Must Read, William Black
Declaring the Grand Bargain Dead Is Premature – New Economic Perspectives
by Joe Firestone • • 0 Comments
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…
Contributors- Economic and Financial, Must Read
Jack Lew: Avoiding Default Is Your Responsibility Too – New Economic Perspectives
by Joe Firestone • • 0 Comments
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…
Contributors- Economic and Financial, Gold and Mining Stocks Trader, Must Read
The Spin on Cyprus Gold Sale Rumor Is “Back Asswards” – Aaron Krowne – The Implode-o-Meter
by Aaron Krowne • • 0 Comments
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…
European Crisis
Debt crisis: Europe’s democracies must not subcontract their destiny to the Bundebank -Evans-Pritchard, Telegraph
by Newswires • • 0 Comments
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…
Latest Business Headlines
The journey towards becoming Japan | Martin Wolf|– FT.com
by Newswires • • 0 Comments
On May 10 2012, the yield on the German 10-year bund was 1.44 per cent, on the US 10-year Treasury was 1.85 per cent and on the UK 10-year gilt was 1.9 per cent. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and…
Contributors- Economic and Financial, Must Read
Spain is the New Greece
by New Economic Perspectives • • 1 Comment
By Marshall Auerback Nearly one Spaniard in four is unemployed, according to data released on Friday, as the country’s economic and financial predicament prompted a government minister to talk of a “crisis of enormous proportions”.The data from the National Statistics … Continue reading →
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
About That $20 Trillion in Public Debt….
by Charles Hugh Smith • • 0 Comments
Massive Federal deficits require higher taxes; ever-expanding public debt and higher debt service sets up a death spiral once new investment is crowded out by Federal borrowing.
In only three more years you’re talking $20 trillion in public debt f…
