…and Interest. FICA taxes and Tax on Benefits represent actual cash money extracted from the economy while Interest in most years just comes as a credit from Treasury to the…

…Potential investors have plenty of public information on current and projected cash flows of the U.S. government. In those circumstances, there is little value added by a ratings agency’s grade….

…with a lot of damage to hedge funds and municipalities and borrowing costs and credit lines. So money supply drops significantly (multiplier effect reduction) even without Fed intervention. You get…

…today, etc. Capital flows are vital, and they often flow for reasons that are divorced from reality. (Put another way – the people who allocate capital don’t understand the real…

…growing so quickly in Germany, I would say that the Euro area is adjusting more healthily than I had expected. Spenders become savers and vice versa, and capital flows adjust…

…say: U.S. doctors net about twice as much money as doctors in the rest of the civilized world. (As a ballpark, $200K in the U.S. and $100K elsewhere.) And until…

…in domestic asset markets, specifically the property market. Low rates and easy money have sparked a(nother) property boom in China, one that policymakers are trying to tamp down. The Economist…

…tax cut that also flows to millionaires. But the danger is not restricted to the direct breach in the wall. Instead there is a lurking Trojan Horse. Subject of Part…

…fund with tax money (from parks to disease research, from environmental enforcement to insider trading enforcement, from new roads to better cargo searches, etc.)–as Weidner notes, all those equity deals…

…plans. (The assumption may or may not hold entirely true, given that the aim of cutting retirement guarantees is largely to save money.) With 50 to 56 percent of Boomers…