The specter of Hurricane Katrina haunted government officials along the eastern seaboard. Wide-ranging precautionary measures were put in place but in the end Hurricane Irene simply didn’t pack that large…
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Posted in Global Economy
Tagged bonds, debt, European Central Bank, Eurozone, financial crisis, Greece, investors, Italy, Spain
Repeated efforts to unite Europe under a common vision mark the strained history of the continent. What neither Napoleon’s cannons nor Hitler’s tanks could accomplish by force was supposed to…
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Posted in Global Economy
Tagged bonds, debt, economic policy, euro, eurobonds, Europe debt crisis, European Central Bank, European Union, Eurozone
The “Kansas crossroads” federal budget impasse I wrote about last week continues. While I expect some sort of deal will keep the government grinding along, I haven’t heard anything to…
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Posted in U.S. Policy & Politics
Tagged bond rating, bonds, budget, debt, fiscal policy, investors, U.S. Treasury
If you grew up in Nebraska, as I did, you needed someone else to make jokes about. As such, we tended to pick on the good people of Kansas. For…
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Posted in U.S. Policy & Politics
Tagged bonds, budget, debt ceiling, federal deficit, fiscal policy, Greece, taxes, U.S. Treasury
I spoke this week at an NYC municipal bond conference where the theme of the day was, “What can’t go on forever, won’t.” What can’t go on forever, in this case,…
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Posted in U.S. Policy & Politics
Tagged bankruptcy, bondholders, bonds, California, court, debt, default, fiscal responsibility, Florida, investors, municipal, munis, New York, Washington