…the Eurozone in an attempt to obtain more debt reduction in return for implementing new adjustment measures. The macroeconomic record, therefore, seems to support the position of those who view…

…values imply a 39% probability of default by the Irish sovereign (listed in legend), 20% by that of Spain, and 14% by the Italian sovereign, etc. Cash bond spreads are…

…is spending cuts.  Of course, lifting the debt ceiling is not an increase in spending.  It just allows the government to make payments on existing debt and to fund spending…

…financial services product in front of them when they’re concerned about their care doesn’t seem appropriate.” Debt Upon Debt Nationwide, about 50 million people — or 1 in 5 adults…

…think the debt ceiling is a stronger lever. “The debt ceiling has a fair amount of leverage. It’s the only thing that I can think of for the foreseeable future…

…choice but to persuade investors to buy its debt. However, because the United States has its own currency it would always have the option to buy its own debt.” Deficits…

by Rebecca Wilder Euro Area Portfolio Flows Today the ECB released the Euro area balance of payments for December. This is a statistical release that is worthy of only the…

…lower than the trend rate of growth of GDP. In that case it is possible to just roll over the debt forever and the debt (including the additional debt) shrinks…

…of the debt ceiling has no relationship between it and laws having future expenditures. The debt ceiling has no bearing on legal expenditures. It is about raising the debt ceiling…

…loan balance is $1.661 trillion; 42.5 million student borrowers have federal loan debt. Federal student loan debt represents 91.6% of all student loan debt; 8.43% of student loan debt is…