…budget deficit, then they need to make the only comparison that really matters, and one that they have been studiously avoiding: what is today’s budget deficit compared to what it…

…primarily funded by Asian central bank (CB) lending to the US, and is primarily driven by the US government’s budget deficit. The enormous and growing CA deficit can not keep…

How big will the US’s current account (CA) deficit be in 2005? The best forecasts of the CA deficit for 2005 are in the neighborhood of $750-$800bn. That would be…

The Causes of the Budget Deficit: A Reckoning In case you missed it yesterday: There seems to be some disagreement about the true cause of the US’s current budget woes….

…a trade deficit (more imports than exports) to balance the borrowing. Was Norway’s trade deficit bad? No… The trade deficit was a natural process of investing in future economic growth…

…leads to lower trade deficits, noting experience in the 1980s especially when a strong dollar led to a soaring o the US trade deficit that fed into a sharp decline…

…expected the federal deficit to lead to a larger current account deficit through a strong dollar. I’ve looked at the data in a different way and now wonder if we…

…are described as bond financed deficit spending combined with open market operations. In MMT deficit spending means monetized deficit spending and bond financed deficit spending is described as monetized deficit…

…as compared to the prior record of 10.2% that Obama inherited from Bush. The deficit is looking more and more like what happened in Japan. Despite ever expanding debt, Japan’s…

…to Cut Deficit,” Gallup WASHINGTON, D.C. — Before the latest government shutdown, nearly half of U.S. adults said Congress should reduce the deficit either “mostly” (27%) or “only” (22%) by…