Debt ceiling! Fiscal Cliff! Sequester! After a few years of news focusing on little else than our nation’s political dysfunction, investors can be forgiven if they have a case of…
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Posted in U.S. Policy & Politics
Tagged debt ceiling, fiscal cliff, U.S. budget, U.S. policy
Although the fiscal cliff debate is now behind us, the first several months of 2013 will see three additional, related confrontations in Washington over spending and taxation. In each case,…
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Posted in U.S. Policy & Politics
Tagged fiscal cliff, fiscal policy, investors
I’ve been talking about the economy and the markets in Chicago, Jacksonville, Philadelphia and a few other cities during the first weeks of 2013, and almost every investor I’ve met…
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Posted in U.S. Policy & Politics, Uncategorized
Tagged debt, GDP, investment portfolio, Treasuries, U.S. Treasury
Along with other famous putative quotations such as Bismarck’s supposed comment on legislation and sausages and Deng Xiaoping’s on the glories of getting rich, the witty remark about Americans doing…
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Posted in U.S. Policy & Politics
Tagged fiscal cliff, fiscal policy, taxes
Major government policy processes, including the ongoing debate over the nation’s finances, resemble icebergs. The things we see on the surface—the congenial handshakes, hard-edged rhetoric and leaks to favored journalists—mask…
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Posted in U.S. Policy & Politics
Tagged Fed, fiscal cliff, fiscal policy, taxes