Economist Arthur Laffer, patron saint of tax cuts, is back, with an op-ed in the Wall Street Journal that he hopes will put …
government spending
Did President Obama’s Remarks Move the Markets?
The financial markets paid little attention to remarks by President Obama on the debt ceiling debate this morning. Stocks and bonds basically treaded water even after a bombshell report from the U.S. Commerce Department that …
Debt Debate: Does the U.S. Have a Spending Problem?
A week to go until Debt Ceiling Armageddon, and the bond market and the Dow Jones industrial average seem to be taking the Washington impasse in stride. Stocks were down on Monday, but not much. The price of a 10-year government bond, which you would expect to be affected by the debt default, was down slightly, and yields were near …
