From the category archives:

government

Well, we are now officially in the middle of a full-blown European debt crisis threatening to spread globally again.  All the more reason we might see further stimulus in the US sooner rather than later.
Ahead of a 2 billion Euro bond auction, Spanish yields soared after ratings agency Fitch downgraded Spanish debt in light of [...]

-

{ Comments on this entry are closed }

Heads of the Federal Reserves of Atlanta, St. Louis and San Francisco this week have all expressed agreement on the fact that more stimulus – aka monetary accomodation -  is needed for the US economy.  John Williams (San Francisco), Dennis Lockhart (Atlanta) and James Bullard (St. Louis) – all voting members of the FOMC (Federal [...]

-

{ Comments on this entry are closed }

In some sense, economics itself is about predicting the future. It makes forecasts based on past performance and behaviours.  Statistics, quarterly reports and other numerical data facilitate this process.  In order to plan your own life out another 5 years or more, in order to achieve goals you’ve set, you adopt budgets and you might [...]

-

{ Comments on this entry are closed }

Any American who looks at Canada and sees a mere reflection of the U.S. (or who thinks they already “understand” Canada or know all they need to know about it) is not only predictably ignorant but just as predictably rude.  Apologies to the offended – please, do go on and prove that you are the [...]

-

{ Comments on this entry are closed }

Now we know that a whopping 32 states are officially bankrupt, and that apparently, the US government has been engaged in shadow bailouts of these states, i.e., “giving them money under the table.”
In addition, all that money that states borrowed from the Federal government in order to continue to pay unemployment benefits?  Now they won’t [...]

-

{ Comments on this entry are closed }

The DOW is back above 12,000 for the first time since June 2008 – kind of weird to imagine, isn’t it?  Does all feel right again in the world?  Back in June 2008 the markets buzzing full of bullish energy.  The U.S. housing sector tore it all apart, and the Ben Bernank huffed and puffed [...]

-

{ Comments on this entry are closed }

This spring of 2011, United States Congress will vote on whether or not to raise the debt ceiling.  What is the US debt ceiling? The debt ceiling refers to the total cap on U.S. borrowing through Treasury issuances of debt, in the form of bonds, to domestic and foreign holders.
If you think the U.S. is [...]

-

{ Comments on this entry are closed }