Craig Eyermann | Wednesday August 25, 2021 at 2:52 PM PDT
Nouriel Roubini earned the nickname “Dr. Doom” during the housing bubble of the early 2000s, when he predicted a crash in housing prices would blow up into a larger financial crisis and deep recession. He is one of the few economists who can honestly claim to have predicted the major events that came to...
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Craig Eyermann | Monday September 28, 2020 at 12:32 PM PDT
The Congressional Budget Office has finally released its 2020 Long Term Budget Outlook. Delayed for months, the CBO’s budget analysis confirms the coronavirus recession has made the U.S. government’s fiscal situation much worse. How much worse? In its 2019 outlook, the CBO expected the publicly held portion of the debt would hit 144 percent...
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Craig Eyermann | Monday December 16, 2019 at 6:20 PM PST
Since mid-September 2019, the U.S. Federal Reserve has been fighting to contain a liquidity crisis in the nation’s money markets that was caused in large part by excessive spending by the U.S. government. That surge in spending was prompted by “the worst budget deal in history” in late-July 2019, which forced the U.S. Treasury...
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Craig Eyermann | Monday October 14, 2019 at 9:45 AM PDT
The Fed’s emergency liquidity injection, combined with rate cuts and its additional purchases of U.S. Treasuries, constitutes the return of quantitative easing.
Peter Klein | Wednesday July 13, 2011 at 8:32 PM PDT
Frivolous commentary on the US debt crisis (like this) attributes to opponents of raising the debt ceiling the view that “defaults don’t matter.” Sensible people recognize, of course, that default (and even repudiation) are policy options that have benefits and costs, just as continuing to borrow and increasing the debt have benefits and costs....
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