…Canada, and the US have one thing that Germany and Italy don’t: fully sovereign policy. Domestic policy, monetary and fiscal, can offset the effects of the European crisis. Rebecca Wilder…

…of sovereign immunity and “qualified” immunity. Or in whatever. The stated grounds are just formality, and fungible. So, no, Justice Souter. And, no, Dahlia. While it’s true that judging never…

…been using court-fabricated pleading, jurisdictional, quasi-jurisdictional, sovereign immunity (mainly a bizarre rewriting of the actual text of the Eleventh Amendment), and “qualified immunity” doctrines to quietly recreate constitutional and other…

…stimulus on Saturday, recognising that financial market concerns over sovereign debt had forced a much greater focus on deficit reduction. The meeting of the Group of 20 finance ministers and…

…the pension system. The sovereign bond market is a curious place, where “He’s willing to cheat his own grandmother, that one”, can be a mark of the utmost probity. One…

O.K., Greece is now “high yield”, “junk”, “below investment grade”, at least according to S&P. What I mean by that is S&P now rates Greece’s foreign and local currency sovereign…

…to the sovereign stress that is emanating from the developed world. China. Goldman Sachs views the recent property boom as limited to that sector – the Chinese authorities are currently…

…deficits; rising debt; rising debt service (via surging credit spreads). Sovereign default seems like a near-certainty somewhere in the Eurozone! This article is crossposted at News N Economics Rebecca Wilder…

…in the formula, such as the target level of the deficit and variables that define the speed at which the country will reach its target for the debt stock, have…

…to be comparable across asset classes. AAA rated corporate debt may be less safe than AA rated sovereign debt. The rating agencies don’t claim or even suggest otherwise. Only a…