Some Common Cents for October 30th 2015

November 2, 2015, by John Norris

To read the headlines this week, you would think the US Treasury stood at the precipice of defaulting on its debt. Nothing could be further from the truth. The US won’t default on its debt until it absolutely can’t finance it any longer, and that is some years away. After all, for the fiscal year to date ending in August 2015, the Treasury has raked in $2.883 trillion and paid out $381.346 billion to service...

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Some Common Cents for October 16th 2015

October 18, 2015, by John Norris

Last week, a client sent me an email asking my thoughts on a Washington Post article by former Treasury Secretary Lawrence Summers about something called ‘secular stagnation.’ Summers has been very vocal and visible regarding the subject, and his probable case scenario due to said stagnation would be most people’s worst case. Does it and he have merit? For those not familiar with the concept, let me just cut and paste a workable definition from...

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