Category Archives: Fiscal Policy

Weekend Lecture: Economics of Abenomics

The Peterson Institute held a high-level discussion of the economic policy initiatives of Japan’s new government, or Abenomics, on February 15, 2013. This timely event took place just ahead of Prime Minister Abe’s upcoming summit meeting with President Obama. The … Continue reading

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Who Owns the U.S. Treasury Market?

The 10-year Treasury bond yield traded at 2.03 percent today a level not seen since April 2012. We thought it’s a good time to revisit who are the major holders of U.S. Treasury securities.   Some of the data are … Continue reading

Posted in Bonds, Fiscal Policy, Interest Rates, Sovereign Debt | Tagged , , | 8 Comments

America turns European – Can-kicking is a transatlantic sport

Merde! This week’s Economist cover story,  America’s Turns European,  has pulled the curtain from the Wizard of Oz! FOR the past three years America’s leaders have looked on Europe’s management of the euro crisis with barely disguised contempt. In the … Continue reading

Posted in Fiscal Policy, Geopolitical, Politics | 1 Comment

Bowles and Simpson Weigh In – Leaders Need “Courage”

Erskine Bowles and Alan Simpson weigh in on the deal with their just released statement.  The upshot? Leaders need to show more courage to tackle tax reform and entitlements. For Immediate Release Date: January 1,2013 Contact: Jon Romano (romano@fixthedebt.org), 617-435-6613 … Continue reading

Posted in Fiscal Cliff Monitor, Fiscal Policy | Tagged , , | 2 Comments

Done Deal

But not a good deal.  See here. More political circus to come in the next few months. For now, however, let’s ride and enjoy the unleashing of the equity bulls.  The U.S. has some catching up to do. (click here … Continue reading

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Macedonians protest government overspending

Now this is different!  If only……….. Macedonians have marched against the government in the capital, Skopje, but unlike the rest of Europe – its not against austerity cutbacks. Demonstrators accuse the authorities of going on a spending spree which they … Continue reading

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On The Edge

(click here if infographic is not observable)

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Market Dances to the Tweet of a Cantor

Nice reversal! House Majority Leader, Eric Cantor, may not be able to move votes, but he certainly moved the market and gave investors a nice Christmas tweet at 3:05 pm today. Not expecting anything big,  however.  Just a bridge to … Continue reading

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Cue ‘Plan C’ Cliff Aversion Scheme

President Obama proposed a package of middle-class tax cuts and unempoyment benefits as a temporary solution to the looming ‘fiscal cliff.’ White House correspondent David Nakamura says Republicans may face pressure to pass the measure. Hope the pols have, at … Continue reading

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Feliz Navidad! Not!

Leave it to the pols to ruin Christmas.   Now it’s either a purely Democratic cliff bill or nuttin’, honey.    Good luck passing the debt ceiling. The House Republican Conference turned its back on Speaker John Boehner Thursday, forcing GOP … Continue reading

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