12 Jul 2013

Posted at 13:12h in The Friday Brief by
The US economy continues to plow persistently ahead despite the strong headwinds of high unemployment and restrictive fiscal (government spending) policy. The economy added 195,000 jobs in June and has added an average of more than 200,000 each month this year. But the improvement in jobs, while steady, is not so robust that the Fed is going to soon reduce its generous stimulus measures of quantitative easing (QE3) or very low interest rates.

29 Apr 2011

Posted at 15:28h in The Friday Brief by
In perhaps the most audacious and partisan verbal tempest so far as we approach the looming budget storm, Treasurer Geithner said “what I want to make sure they [italics added, referring to Republicans] don't do is take us too far into June, take us too close to the edge.” Amplifying those remarks, White House Press Secretary Jay Carney said any Republican effort to hold out on a debt-ceiling vote for deficit-reduction measures “could in fact tank the global economy.” He added “it would be foolhardy to play chicken with the full faith and credit of the United States of America. It is simply too risky.”