Writing in these pages in early 2008, we put the total cost to the United States of the Iraq war at $3 trillion. This price tag dwarfed previous estimates, including ...
ONE consequence of the deepest recession since the Depression has been the biggest peacetime build-up of public debt the rich world has ever seen. Some reckon that the debt position ...
It's been a brutal summer for the economy. The housing sector, like a balloon batted in the air one last time by the government credit, resumed its inevitable fall. Economic ...
When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as Federal Reserve chairman. ...
An advocacy group is calling for the ouster of former Sen. Alan Simpson, the co-chairman of President Obama's bipartisan debt commission, who described Social Security as a "milk cow with ...
NEARLY a decade ago, when budget deficits ballooned in the United States, it was widely said that Washington — like Blanche DuBois in “A Streetcar Named Desire” — “depended on ...
China cut its holdings of Treasury notes and bonds by the most ever, raising speculation the plunge in U.S. yields that sent two-year rates to a record low has made ...
As recently as two months ago, the Federal Reserve sounded optimistic about the economic recovery. Now the central bank is clearly more worried, and economists say there's not much more ...
Debt increased at every level, from consumers to companies to banks to whole countries. The effect varied from country to country, but a survey by the McKinsey Global Institute found ...
When I was a kid, I loved the "Choose Your Own Adventure" books. They involved you in the story, letting you make choices that affected the outcome and, occasionally, revealed ...
“Markets are not going to punish countries for doing fiscal stimulus in the short run when there is light at the end of the tunnel,” Economist Nouriel Roubini said recently ...
In the third in a series of statements explaining its work to the Chinese public, the State Administration of Foreign Exchange sought to allay concerns in the outside world that ...
While Germany’s economy, Europe’s largest, is showing signs of recovery, some lawmakers are skeptical that Schaeuble will realize all the savings. “It looks impressive on paper -- we’re the new ...
What’s the evidence for the belief that fiscal contraction is actually expansionary, because it improves confidence? (By the way, this is precisely the doctrine expounded by Herbert Hoover in 1932.) ...
For the gloomiest investors it is a worrying time: government cannot afford to stimulate their economies, and they cannot afford not to.A new bout of nerves over the trajectory of ...
