Tag Archives: Fiscal sustainability

The Now Generation Government Has Failed the Marshmallow Test: Making Sense of the Fiscal Cliff Outcome

fiscalcliff1

Over the past five years, the government has applied the usual demand-side remedies in the epic battle against The Great Recession. The graph shows the time profile of past recessions and recoveries as compared to the Great one that we … Continue reading

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The Bond Market Rocket and Fiscal Unsustainability Are On a Collision Path

rocket

Recently, the bond market has been in rocket mode. It has achieved liftoff and slipped the surly bonds of earth. And some believe it will keep going.  The price of the U.S. Treasury 10-year bond recently reached an all-time high, … Continue reading

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