Archives for: Taxes
The Fed’s Nuclear Balance Sheet. Stand Back: This Baby’s Going to Explode
by Mitch Feierstein about 10 years 10 months ago
Over the coming weeks, we’re going to be hearing a lot about the ‘fiscal cliff’: the threat that some 5% of GDP is going to be ripped out of the economy in a combination of tax hikes and spending cuts. A fiscal slow-down on that scale will almost certainly trigger recession. The CBO thinks so, though their numbers look […]
2012 US Elections – 6 Billion spent for “Statu Quo” – Economic Consequences
by Mitch Feierstein about 10 years 10 months ago
Obama’s an accomplished individual. Smart, cool, in control. But his standout quality is probably his ability to create euphoria. Create it, sustain it, ride it. Watch the people celebrating with him at his victory rally in Chicago and you could easily believe that the USA had just won a war or beaten a recession. Unfortunately for […]