Tag Archives: Deficits

Some Perspective

In our March 7th post,  Stages Of A Pandemic: Denial, Panic, Fear, and Rationality, we suspected the country was about to move from denial to panic over the coronavirus pandemic.   It sure did and infected the global markets in a … Continue reading

Posted in Algos, Coronavirus, Equities, Uncategorized | Tagged , , | 1 Comment

Who Is Funding The U.S. Budget Deficit?

Here is a little teaser for our coming post on the Treasury market, which should be out tomorrow.  The latest data is from the Flow of Funds just posted by the Federal Reserve Board (FRB). Note,  less gold (Fed) and … Continue reading

Posted in Capital Flows, Charts, Debt, Fiscal Policy, Politics, Uncategorized | Tagged , , , | Leave a comment

Alan Greenspan on Debt, Deficit, Tax Cuts – Bloomberg

Excellent interview.   Upshot?  Inflation cometh. Apr.18 — Former Chairman of the Federal Reserve Alan Greenspan joined Bloomberg Television for a wide-ranging discussion about U.S. debt, the current rate hike path, Europe’s new direction and his reading assignment for the Republicans. … Continue reading

Posted in Debt, Dollar, Food Prices, Monetary Policy, Uncategorized | Tagged , , , , | Leave a comment

Pas de merde…

…and wait until they internalize these numbers. Bond traders are beginning to be concerned about rising deficits and national debt again https://t.co/VeBwC2yUWS #fixthedebt — Fix the Debt (@FixtheDebt) March 13, 2018

Posted in Bonds, Fiscal Policy, Uncategorized | Tagged , , | Leave a comment

Connecting the Dots: The Coming War Between Generations

Almost everyday the newspaper headlines across the country warn of problems with local government budgets centered around public sector employee wages and benefits.  Today one read,  County Pension System Hits Tipping Point.  The other day it was how one city … Continue reading

Posted in Budget Deficit, Currency, Demographics, Dollar, Economics, Employment, State and Local Government | Tagged , , , , | 11 Comments

Krugman’s Dangerous Misreading of the Bond Market

During his Sunday appearance (click for interview) on This Week With Christiane Amanpour, Paul Krugman spoke the words that make us very uncomfortable. Responding to French finance minister Christine Lagarde’s fiscal austerity and Alan Greenspan’s caution about further stimulus, Krugman … Continue reading

Posted in Bonds, Commodities, Credit, Currency, Equities, Gold, Policy, Politics, Sovereign Risk | Tagged , , , | 2 Comments

Europe’s Ricardian Equivalence vs America’s Keynesianism

We thought this to be the most interesting chart of the recently released World Economic Outlook from the IMF.  Japan’s 2011 public sector funding requirement is a stunning 60 percent of GDP, which includes the rollover of maturing debt equivalent … Continue reading

Posted in Bonds, BRICs, China, Commodities, Credit, Currency, Monetary Policy, Politics, Sovereign Risk | Tagged , , , , , , | 7 Comments