25 Oct 2013

Posted at 14:24h in The Friday Brief by
Despite the disruption of a two-week shutdown and media warnings of impending financial doom if the debt ceiling was not raised, the stock market and the Treasury market have done surprisingly well. Both, of course, have more to do with continued government influence than with economic drivers.

04 Oct 2013

Posted at 11:06h in The Friday Brief by
Here we sit, once again in fiscal crisis as our leaders fail to lead by compromise. Both Democrats and Republicans risk potential political backlash if they fail to find a way forward before the government runs out of money and technically defaults on its debts.