
8
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GOLDMAN: 3 Reasons The S&P 500 Is Going To Surge To 2100
9 hours ago - Business Insider - May 22, 2013 4:21 AM
With a modestly positive economic environment, high profit margins, improving private investment, high budget deficits and a belief that stocks are cheap….the bulls get increasingly optimistic. This is from Goldman’s Chief Equity S
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9
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Profligate central bank game unravelling
1 day ago - FT - May 21, 2013 12:42 PM
Despite poor progress on reducing big deficits and debt, the yields on US and UK government bonds fell and their currencies appreciated. But price moves in markets now show a different story
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1
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PPF warns of levy increase
2 days ago - FT - May 20, 2013 5:17 PM
The group says pension deficits are at risk of rising because of low interest rates and a change allowing companies to pay less into underfunded schemes
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IMF says Washington cutting budget deficits too quickly
2 days ago - Reuters - May 20, 2013 4:06 PM
WASHINGTON, May 20 (Reuters) - The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest...
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2
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Pension funds switch out of equities
3 days ago - FT - May 19, 2013 5:37 PM
Move follows worries the market will turn and send deficits spiralling, putting question marks over the ability of some schemes to pay retirees
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23
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The Most Incorrect Prediction Of The Past 5 Years
3 days ago - Business Insider - May 19, 2013 6:36 AM
Since the economic crisis of 2009, the most incorrect call that people have made has been to call for inflation or hyperinflation due to aggressive monetary easing and/or large government deficits. In a recent blog post, the pseudonymous hedge fund m
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1
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Report Details How Obama Plan Could Trim Deficit
5 days ago - Huffington Post - May 17, 2013 3:51 PM
WASHINGTON -- Congress' nonpartisan budget analyst says President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade. The Congressional...
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Obama budget would cut deficit by $1.1 trillion over decade: CBO
5 days ago - Reuters - May 17, 2013 3:14 PM
WASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Frida
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UPDATE 1-Obama budget would cut US deficit by $1.1 trillion over decade-CBO
5 days ago - Reuters - May 17, 2013 3:02 PM
WASHINGTON, May 17 (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be...
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Obama budget would cut US deficit by $1.1 trillion over decade-CBO
5 days ago - Reuters - May 17, 2013 2:30 PM
WASHINGTON, May 17 (Reuters) - Near-term U.S. deficits under President Barack Obama's latest budget plan would be higher than the most recent estimates by the Congressional Budget Office, but $1.1...
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16
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David Dayen: Hedgies Bet on Fannie/Freddie Status Quo
6 days ago - Naked Capitalism - May 17, 2013 1:00 AM
The new CBO budget projections showing debt stabilization over the next decade and a reduction of the expected FY 2013 deficit to $642 billion hasn't been deemed by Washington as a "scandal," although falling deficits amid high unemployment and below
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3
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Former Treasury official: Let's keep running big deficits
6 days ago - CNN Money - May 16, 2013 11:58 AM
In a provocative new book, a former Wall Street CEO and Treasury official argues that the U.S. shouldn't worry about the ballooning national debt. This reviewer respectfully disagrees.
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4
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New Zealand on Track for Budget Surplus in 2015
7 days ago - WSJ - May 15, 2013 10:36 PM
New Zealand unveiled a budget that will reverse years of deficits and bring government debt down, against a backdrop of moderately improving economic growth.
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Greek bond yields fall on Fitch upgrade
7 days ago - FT - May 15, 2013 2:05 PM
Rating agency lifts its assessment, fuelling a rally, and highlights the country’s ‘clear progress’ towards fixing its budget and trade deficits
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53
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Is Karl Rove a Deficit Dove Now?
7 days ago - Bloomberg Opinion - May 15, 2013 1:42 PM
For some reason, Karl Rove seems to like Josh Barro's post arguing that we shouldn't be trying to cut deficits now.
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6
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There's Actually A Shortage Of Government Bonds
1 week ago - Business Insider - May 15, 2013 4:59 AM
LONDON (Reuters) - Debt may be everywhere but there's a scarcity of bonds. With governments awash with debt and furiously selling new securities to fund bloated budget deficits, the idea of a bond shortage on the marketplace may sound puzzling. Yet n
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10
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Fitch upgrades Greece by one notch
1 week ago - FT - May 14, 2013 6:20 PM
Rating agency acknowledges progress towards eliminating its budget and current account deficits and signs of an economic stabilisation
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182
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Deficits falling faster than expected
1 week ago - CNN Money - May 14, 2013 4:44 PM
Annual deficits are falling even faster than the Congressional Budget Office predicted back in February. And the country's total debt is set to fall as share of the economy for a few years.
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Fitch upgrades Greek sovereign credit rating to B-minus
1 week ago - Reuters - May 14, 2013 12:28 PM
NEW YORK, May 14 (Reuters) - Fitch Ratings on Tuesday upgraded its sovereign credit rating for Greece to B-minus from CCC citing a rebalancing of the economy and progress in eliminating its fiscal and current account deficits that have reduced its ri
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UK corporate pension scheme deficits top 100 bln stg in April-data
1 week ago - Reuters - May 13, 2013 11:48 AM
LONDON, May 13 (Reuters) - Pension schemes run by some of Britain's biggest companies are sitting on a cumulative funding gap of more than 100 billion pounds ($153 billion), as low bond yields crimp...
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Short Term Government Surplus and Deficits - Watch Out - The Four Fold Path to Fiscal Peace
1 week ago - Benzinga - May 13, 2013 8:22 AM
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10
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Don't Let Republicans Fool You — They Actually Love Budget Deficits
2 weeks ago - Business Insider - May 11, 2013 9:30 AM
Contrary to popular belief, Republicans don’t hate budget deficits. On the contrary, they love them. When they occur on the Democrats’ watch, they provide Republicans with endless talking points on how they are bankrupting the country and
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Forecaster of the Month: Fiscal drag ‘profoundly depressing’ to forecaster
2 weeks ago - MarketWatch - May 10, 2013 11:20 AM
The U.S. economy would be doing a lot better without all the drama about budget deficits, says Ian Shepherdson, chief economist for Pantheon Macroeconomic Advisors and the winner of the Forecaster of the Month.
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47
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Fannie Mae, Freddie Mac to help cut deficit
2 weeks ago - CNN Money - May 9, 2013 12:41 PM
U.S. taxpayers will soon reap a nearly $67 billion benefit from the recovering housing market, which will help to shrink deficits and delay the need to raise the country's debt ceiling.
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522
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Deficit Reduction Is Seen by Economists as Impeding Recovery
2 weeks ago - NY Times - May 8, 2013 11:16 PM
After two years of stalemate on how to spur job creation and slash deficits, the consensus is that fiscal tightening has been a drag on economic recovery.
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27
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Reinhart and Rogoff publish errata
2 weeks ago - FT - May 8, 2013 5:14 PM
Original paper was widely cited as an argument for fiscal austerity in 2010 and the fight over their figures has become a proxy for broader battles about deficits
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2
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PPF warned to expect bigger bills
2 weeks ago - FT - May 8, 2013 3:44 PM
Clearest signal yet to trustees of defined benefit schemes to take a more lenient approach with companies struggling to plug their deficits
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413
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Boehner Accidentally Explains Why His Deficit Position Is Phony
2 weeks ago - Bloomberg Opinion - May 8, 2013 11:58 AM
John Boehner knows the government has run budget deficits for 55 of the last 60 years, but somehow doesn't realize that shows that deficits are sustainable.
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16
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Semester’s Coda
2 weeks ago - Econbrowser - May 7, 2013 11:43 PM
Crowding Out Watch, ContinuedThe end of the semester has arrived, and as I prepared my last lecture, I checked to see how the government deficits had impacted yields. Real yields were pretty much as they were when the semester began in January.]]>Fig
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1
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Harlan Green: Austerinomics, the Anti-Growth Orthodoxy
2 weeks ago - Huffington Post - May 7, 2013 11:39 AM
Once again, Karl Rove/GW Bush attempted to turn the clock back to the beginning of the 19th century, and we are now living with the consequences--wars and budget deficits without end. It's hard to see what form a new nationalism will take, until
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20
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A Story Of Inequality In The US: Past, Present And Future
2 weeks ago - ZeroHedge - May 6, 2013 10:35 PM
In this far-reaching documentary, we are first treated to a history lesson from the early 80s to the present day - a story of lust, debt, and largesse; from Reagan deficits to cell phones to day trading to real estate... and then 2008 is explained (a
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23
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Fed Watch: When Deficits Become a Problem
2 weeks ago - Economist's View - May 6, 2013 1:33 PM
Tim Duy: When Deficits Become a Problem, by Tim Duy: L. Randall Wray (ht FTAlphaville) thinks that Paul Krugman has made the leap to MMT by acknowledging the ability of the central bank to control interest rates. Wray sees that...
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EU sees deeper euro zone recession in 2013, slower deficit cuts
3 weeks ago - Reuters - May 3, 2013 5:57 AM
BRUSSELS (Reuters) - The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years.
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34
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EU sees deeper euro zone recession in 2013, slower deficit cuts
3 weeks ago - Fox Business - May 3, 2013 5:04 AM
The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years.
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EU sees deeper euro zone recession in 2013, slower deficit cuts
3 weeks ago - Reuters - May 3, 2013 5:02 AM
BRUSSELS, May 3 (Reuters) - The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out...
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15
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The A-b-e of economics and Japan’s shrinking population trap
3 weeks ago - Credit Writedowns - May 2, 2013 2:33 PM
Japan is stuck in a shrinking population trap, and neither monetary nor fiscal policy will adequately solve the problem. Continuing to run fiscal deficits in a deflationary environment will only means that government debt is pushed onward and upwards
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3
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Draghi urges faith in austerity measures
3 weeks ago - FT - May 2, 2013 2:32 PM
The ECB president said euro area countries had succeeded in cutting deficits in the past two years but average debt had risen to 90.6 per cent in 2012
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Decoupling Likely in Precious Metals Markets
3 weeks ago - TheStreet - Apr 30, 2013 5:27 PM
VANCOUVER, Canada (Bullions Bull Canada) -- As massive supply-deficits and vanishing inventories lead to greater and greater stress in our totally corrupted precious metals markets, these dynamics push us toward one of two potential "implosion" event
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2
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Georges Ugeux: Europe Is Strangled By Its 3 Percent Budget Deficit Ceiling
3 weeks ago - Huffington Post - Apr 30, 2013 5:10 PM
By fixing annual budget deficits, Europe is shooting itself in the foot: while it does, of course, authorize lower budget deficits during good years, it makes it impossible to allow further budgetary deficits when the economy is in recession. Europe
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1
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Doug O. Jones: Why We Can't Afford to Spend Our Country Out of Debt
3 weeks ago - Huffington Post - Apr 30, 2013 11:53 AM
With GDP forecast to grow by a mere 1.6 per cent this year, our governments (both provincial and federal) need consumers to keep on spending to prop up the economy. They need this while they, themselves, are struggling with ballooning deficits and de
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19
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EBRD President Calls for "Radical" Steps to Boost Growth
3 weeks ago - Fox Business - Apr 29, 2013 9:38 AM
Governments in central and eastern Europe should stick to their plans to reduce their budget deficits, but do their utmost to maintain growth-promoting spending on infrastructure, the head of the European Bank for Reconstruction and Development said
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Why Is There a Dole for Farmers?
4 weeks ago - Cato Op-ed - Apr 26, 2013 9:50 AM
Doug BandowUncle Sam is broke. After running up $5 trillion in deficits over the last four years, Washington is borrowing another $845 billion this year. And assuming Congress neither adds expensive new programs nor expands expensive old ones, the fe
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63
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Spain's Unemployment Rate Rises Full Percentage Point to Record 27.2%; Unemployment Tops 6.2 Million
4 weeks ago - Mish - Apr 25, 2013 12:51 PM
Spain's budget deficits are out of control, home prices are still falling, GDP is down 2% annualized in the first quarter, production is down, the unemployment rate soared a full percentage point to 27.16%, and a record 6.2 million are out of work.He
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6
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Dean Baker: Deficits are Bad and the Sun Goes Around the Earth
4 weeks ago - Huffington Post - Apr 22, 2013 6:09 PM
Most of us accept that the earth goes around the sun. This is impressive since we can look up in the sky and see the...
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54
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E.U. Data Shows Reduced Deficits but Higher Debt Burdens
4 weeks ago - NY Times - Apr 22, 2013 3:33 PM
An austerity push in Europe helped to reduce government budget deficits in 2012 for a fourth straight year, but debt burdens grew, the European statistics agency reported.
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22
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The Only Chart Required To 'Price' US Stocks
4 weeks ago - ZeroHedge - Apr 22, 2013 1:43 PM
The world remains transfixed in the belief that the Federal Reserve can 'prime' the economic pump one more time via monetizing trillion-dollar deficits ad nauseum, inflate its balance sheet to unprecedented levels, and still successfully exit from th
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Barroso says Europe near austerity limit
4 weeks ago - FT - Apr 22, 2013 1:02 PM
Commission chief still believes in need for drastic cuts in deficits, but such policies need to have ‘acceptance, politically and socially’
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11
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Morici: To Boost Growth, Everyone Should Pay Income Tax
4 weeks ago - TheStreet - Apr 22, 2013 7:00 AM
NEW YORK (TheStreet) -- The economy is not doing well. Unemployment is too high and big deficits threaten the credit worthiness of the federal government. Only genuine tax reform will make things right. With 46% of Americans paying no income taxes an
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211
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U.S. deficits are falling. For now
1 month ago - CNN Money - Apr 22, 2013 1:07 AM
Deficits are falling. A lot.
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21
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Bill Gross' World View In Four Words
1 month ago - ZeroHedge - Apr 21, 2013 1:24 PM
"Tough Slog" or "The Unimaginable" Gross: The world looks 4 a new Keynes but w/ hi deficits & 0% rates there is only a long tough slog ahead @ best & the unimaginable @ worst. — PIMCO (@PIMCO) April 21, 2013
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