A identity is a equation that is true because of the way the terms are defined. Thus, when an economist says that “gross national product is equal to the sum of consumption plus investment plus government spending on goods and services plus exports minus imports,” Continue reading
Written by Adam Whitehead, KeySignals.com Terminal Velocity (27) “Held Hostage By a Fortune” explained how President Obama had turned the Republican soldiers of fortune from hostage takers to hostages. Then the President emerged from captivity to signal that the Debt … Continue reading
Posted in Federal Reserve, Government, money and banking, securitization
Tagged Adam Whitehead, debt ceiling, Economy, federal budget, Federal Reserve, GDP, inflation, KeySignals.com, Terminal Velocity
Initial Claims of Disaster To Be Taken With A Grain of Salt by Lee Adler, Wall Street Examiner First time unemployment claims continued their strength in late September but that should change radically in the weeks ahead as the effects … Continue reading
by Guest Author Menzie Chinn
The cost of the Iraq War has reached almost trillion dollars – at least $805.6 billion as of the end of September, not including debt service and additional reset costs; around $940 billion including interest payments.
As the US economy faces the prospects of stagnant growth or recession, it is of interest to see why the scope for fiscal policy is so circumscribed — that is, why is the debt level so high given that in the last year of the Clinton Administration we were paying down debt? Figure 1 depicts part of the answer (other parts, here). Continue reading