US Sovereign Risk

Posted on April 21, 2010 by
us_sovereign_risk

US Sovereign Risk Part 1: Reality Bites Introduction US Sovereign Risk Part 2: Growth of Debt in the US US Sovereign Risk Part 3: Political Economy of the Growth of Government Debt US Sovereign Risk Part 4: Why the Financial … Continue reading →

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US Sovereign Risk: Growth of Debt in the US

Posted on April 20, 2010 by
US Debt Ratio

Much of the economic-financial and policy dilemma surrounding the Great Recession has to do with the growth of debt in the US as shown below. The very high debt levels relative to income are a new problem that constrains an … Continue reading →

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Budget Spin Control Undressed: Mike Granoff on the Government Financial Report

Posted on April 19, 2010 by

The White House makes projections of government deficits and debt accumulation such as contained in the Budget and the Economic Report of the President. Politicians being politicians thrive on good news and find ways to suppress the less flattering, better … Continue reading →

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Financial Market Update: Treasury Yields and Inflation Expectations or is it Sovereign Risk as Well?

Posted on April 17, 2010 by
Output gap (deviation of real GDP from real potential GDP)

Financial markets and the Fed recently have been focused on prospective inflation. The issue at the Fed stems from the approaching April Open Market Committee meeting and a determination as to whether or not its low interest rate policy is … Continue reading →

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The Great Recession: The Threat to the Carry Trade

Posted on April 16, 2010 by

The access to capital through the Repo market has been a driving force in the financial market come-back in 2009. Some of the proceeds are also used to acquire financial product in the Emerging Nations and as a result also … Continue reading →

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The Great Recession: The Carry Trade and Asset Bubbles

Posted on April 15, 2010 by

The classic method of the Fed using monetary policy to stimulate the economy via bank loans that in turn fund spending by consumers and businesses is clearly not working at all. However, there are new channels of monetary policy that … Continue reading →

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The Great Recession: Ineffective Fiscal and Monetary Policy in the Great Recession and Fed Exit

Posted on April 14, 2010 by

Given the duel problem of correcting an income and asset recession the government needs to support both. The income support comes from spending, most of which is automatic such as unemployment insurance and some of which is discretionary stimulus and … Continue reading →

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The Great Recession: Why the Great Recession is Different

Posted on April 13, 2010 by

“This Time Is Different” a recent book by Reinhart and Rogoff addresses eight centuries of sovereign meltdown that we will get to in The Great Recession Part 2 but the title is also appropriate to the notion that the Great … Continue reading →

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The Great Recession: The Perfect Storm

Posted on April 12, 2010 by

The Great Recession of the first decade of the 21st century is now morphing into new dimensions. Unemployment, which rose to over 10%, is still remaining high with the all-in unemployment rate at over 17%. Job creation continues to be … Continue reading →

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A Prospectus for a US Treasury offering if full disclosure applied to the US Government!

Posted on March 16, 2010 by

Read the pdf: USProspectus_03-05-10

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