Let’s Fall Off The Cliff

We all have been following the dance in Washington about the budget problem that makes headlines every day about how Congress and the Obama Administration are heading for a fiscal cliff. Savvy political observers say that Obama has the upper hand in this fight to lay more taxes upon the rich. The more frantic say [...]


How Much “Fairer” Should It Be?

President Obama wants the rich to pay their “fair share.” How much “fairer” should it be? 



Who Owns Our Sovereign Debt?

The TIC (Treasury International Capital) transaction report came out today. It is something I follow mildly, because I don’t think holders of U.S. dollars have much of a choice other than to buy U.S. debt or U.S. goods with their dollars. But here is the report:

Net buying of long-term equities, notes and bonds totaled [...]


Spending Cuts Put Into Perspective

This very short clip puts the proposed GOP spending cuts into perspective.