Jul 29 How the U.S. Racked Up $14 Trillion in Debt By Paul Solman A fascinating set of graphic debt data, courtesy of the New York Times. Meanwhile, amidst all the scare talk of a bond rate crisis, has anyone noticed that the bond market is rallying mightily… Continue reading
Jul 29 Fancy a Pint? Brew Throughout the World By Paul Solman Photo by Flickr user hakaider. Has all the talk about the debt ceiling left you wanting to reach for a cold one? Or several? How likely are they to be drowning their sorrows elsewhere in the world? You might… Continue reading
Jul 29 Fancy a Pint? Brew Throughout the World Photo by Flickr user hakaider. Has all the talk about the debt ceiling left you wanting to reach for a cold one? Or several? How are they likely to be drowning their sorrows elsewhere in the world?… Continue reading
Jul 29 Watch Economic Data Show U.S. Growth Slowing Considerably In other news Friday, new economic data released show U.S. growth is slowing considerably. The Commerce Department reported the economy expanded at a rate of 1.3 percent in the second quarter, far below expectations. Also, President Obama announced that fuel… Continue watching
Jul 28 Watch Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached… Continue watching
Jul 27 Watch How to Succeed in Business by Really, Really Trying Is the aptitude for business (the legal kind) distributed among convicted criminals as it is in the general population? One seasoned executive thinks so, and believes that by hiring the cream of the ex-con crop, his company will have a… Continue watching
Jul 27 China’s Communism and Capitalism: The New Yin Yang? By Paul Solman The short third installment of Yoram Bauman's vlog from China is well worth the watching, highlighting the tension between the "official" China and what's really going on there. Communist Party founder Mao AND $300,000 Porsches? Yoram asks. "Do… Continue reading
Jul 26 The ‘Bond Vigilantes’ and the Debt Ceiling Crisis: No Need to Panic or Lying in Wait? By Paul Solman Harvard's eminent trade economist, Robert Lawrence, gave a talk in Greece this month. Among his slides was this image with the headline: "The Vigilantes are Asleep!" Slide image courtesy of Robert Lawrence. That would be the so-called "bond vigilantes"… Continue reading
Jul 25 Should You Stash Cash if the Debt Ceiling Isn’t Lifted? By Paul Solman Speaker of the House John Boehner (R-OH) and President Barack Obama wait before a meeting in the Cabinet Room of the White House July 10, 2011 in Washington, D.C. to negotiate increasing the debt ceiling in order to avoid defaulting… Continue reading
Jul 20 Watch ‘Gang of 6’ Debt Plan Gains Momentum as Aug. 2 Deadline Looms The effort to raise the country's borrowing limit saw the resumption of talks between President Obama and top congressional leaders on Wednesday. Kwame Holman reports on the lawmakers' race against the Aug. 2 deadline. Continue watching