Category Archives: Fiscal Policy

Table of the Day: Federal Tax Revenues

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How to Become a Trillionaire and Other Thoughts

Grab one of these: Careful what you wish for central bankers and fiscal policy makers.  Though we don’t see signs of “rollover risk” in any of the G5 or G20, it’s all about confidence and you know what Joe said about … Continue reading

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Mr. “King Dollar” Takes The CEA

Congrats to Larry Kudlow,  a good guy (though a supply side ideologue),  as reports pour in that President-elect Trump will appoint him to head up the Council of Economic Advisors (CEA). He has always advocated a strong dollar, or “King … Continue reading

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Misplaced Policy Thinking – $1 trillion infrastructure build

As the stock market celebrates  and is downright giddy over the prospect of a massive fiscal expansion through a one trillion dollar infrastructure build,  we are less sanguine and propose a different and more long term policy track. The U.S. … Continue reading

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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

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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

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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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