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By John Sullivan, AdvisorOne |
November 21, 2011
Lawrence Summers, past president at Harvard University, Treasury secretary in the Clinton administration and economic advisor to President Barack Obama, took to the pages of The Washington Post on Monday to decry the growing gap between rich and poor. He then offered three suggestions that he claimed would help distribute...
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By Marlene Y. Satter, AdvisorOne |
August 8, 2011
In a scathing Saturday editorial excoriating the U.S. for being addicted to debt and living beyond its means, China’s state-run news agency highlighted a different but related issue: China’s U.S. debt holdings that amount to some $1.16 trillion.
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By Marlene Y. Satter, AdvisorOne |
August 4, 2011
In response to a move by Switzerland on Wednesday to weaken the Swiss franc, Japan found itself forced to intervene on behalf of its own currency on Thursday for the third time in less than a year, selling an unspecified quantity of yen on the market.
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By Marlene Y. Satter, AdvisorOne |
August 1, 2011
The proposed deal would raise the debt ceiling now and through 2012, cut domestic and military spending over next 10 years.
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By John Sullivan, AdvisorOne |
July 15, 2011
Gross calls out Washington politicians for the game of chicken they’re currently playing with America’s finances.
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By Marlene Y. Satter, AdvisorOne |
July 7, 2011
Meanwhile, Senate Democrats propose bill to tax "millionaires and billionaires."
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By Marlene Y. Satter, AdvisorOne |
May 10, 2011
House Speaker John Boehner said Monday night that President Obama must agree to more than $2 trillion in spending cuts in exchange for a vote to increase the debt ceiling enough to cover U.S. obligations through the end of next year.
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By John Sullivan, AdvisorOne |
April 21, 2011
Statements by senior administration officials belie eleventh hour maneuvering.
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By Marlene Y. Satter, AdvisorOne |
April 6, 2011
As Democrats and Republicans dig in their heels on the budget under threat of impending doom, neither looks likely to budge and a government shutdown looks more and more inevitable.
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By John Sullivan, AdvisorOne |
February 25, 2011
Short the U.S. economy, buy derivatives and reallocate to bonds? We better let him explain.