The United States must move forward and grow, and in doing so, not settle for the mediocrity of the so-called new normal. Our fiscal cliff dilemma has underscored the fact that we have a deficit of political leadership and a … Continue reading
We continue to be cautiously optimistic on the U.S. economy, which has been gradually improving. Clearly, there are a number of long-term fiscal issues that the federal government needs to address, including entitlement spending and the debt load overall. Nevertheless, … Continue reading
Lawmakers have one and only one job for the next several weeks, and it is avoiding the fiscal cliff, first, by identifying those issues that are the root causes of our fiscal distress and, second, by doing the hard work … Continue reading
One of the few points everyone in Washington should be able to agree on is that a strong economy is vital to Americans’ — and America’s — fiscal health. But that point is often overlooked in the debates surrounding the … Continue reading
With the so-called fiscal cliff now less than a month away, it is time for Congress and the Obama Administration to get serious about addressing the long-term fiscal challenges our country faces. The significant economic damage that would result from … Continue reading
How much might the fiscal cliff disrupt the economy? Improving trends in the U.S. private sector — from housing prices to consumer confidence — contrast with the possible negative effects on growth as the public sector moves toward fiscal consolidation. … Continue reading
While the European Central Bank has made progress, we believe, on managing near-term liquidity risk, long-term structural issues remain.
The Dodd-Frank law strives to increase transparency in derivatives trading by moving over-the-counter trading to exchanges, where prices and counterparty risk are easier to track. This provision has pluses and minuses for financial institutions. On one hand, funding the over-the-counter … Continue reading
The level of market distress surrounding global macro risks has declined in the latter half of 2012, helping sentiment and trading conditions in fixed-income markets return to more normal levels similar to those seen before the 2008 financial crisis.