Student Loan Debt Forgiveness for half a million students from Corinthian Colleges (cnbc.com) An approximate 560,000 Corinthian College Inc. former students will have their loan balances forgiven as announced by…

voting 217 Yes 215 no the House has passed a bill which would increase the debt ceiling, slash spending, and repeal (most of) the IRA. This ends the fun period…

Factbox: What’s in Republican McCarthy’s debt-limit spending cut package? Reuters, Andy Sullivan. Items Republicans and McCarthy are pushing for in a debt-limit package. The bill would essentially pair $4.5 trillion…

…affected by the likelihood of Principal return being lower. (But I will buy the 12% bond if I believe the risk premium is too high relative to the 6% bond.)…

…facing a rather different challenge. While the US economy is expanding on the back of strong domestic demand, the Eurozone is still dependent on exports to provide any sort of…

…of the Euro area economy (.pdf of release). In January, volume adjusted retail sales increased 0.3% in the Euro area (EA) and broke a 4-month trend downward. On a 3-month…

…than workers elsewhere in Europe, able to compete more effectively inside the euro zone, where countries share a common currency that does not allow devaluations to help even out differences…

…fall below 100 in coming quarters, as the debt deflationary cycle grabs hold. This view of the Euro area is anything but “balanced”. Balanced, according to Merriam-Webster online, takes several…

…fractions of what they used to be. FT Alphaville draws our attention to this fact on the Euro area (EA) using SocGen’s analysis. The money multiplier is a representation of…

…EA current account deficit is now funding through international asset flows into debt, equity, and lending markets. Given the deterioration of the sovereign debt crisis, I wouldn’t be surprised if…