While most attention focuses on the stock market in the popular media, the big news of late has been in the bond and foreign exchange markets. Interest rates on government treasuries have been rising rapidly and the dollar has been plummeting equally rapidly. What is this about and what does it mean for the future? [...]
Entries Tagged as 'Deficit'
The “Other” Markets Are the Big News – Bill Gross of PIMCO
June 7th, 2009 · No Comments · Bonds, Deficit, Economy, Interest rates, Stock Market
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Tax Consumption Instead of Income?
May 25th, 2009 · No Comments · Debt, Deficit, Economics, Policy, Taxes
I’ve long thought that a tax on consumption rather than income seems obviously better. Consumption is income minus savings; thus a tax on consumption would make all savings tax free. Because ultimately all investment needs to be financed by savings (or external debt), taxing savings decreases investment, to the long term detriment of our prosperity. [...]
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