Still the Age of Reagan: Long Waves in American Politics

John Peeler: I suggest that as bad as things are, economically, politically, socially, they are not bad enough to permanently shift the way we think, to force changes in what we consider to be common sense. Such a fundamental reshaping of the political landscape has occurred only a few times in our history.

Seeing Red: The Budget Deficit – Past, Present and Future

Budget-balloon

The dangers of a foreign retreat from Treasury securities are slight in the short-term but increase over time as the public debt continues to grow. Americans would do well to realize that things which cannot go on forever tend not to.

And Now Homeowners

homeowners

The two most important features of the administration’s plan to help homeowners are, first, its support for amending bankruptcy laws to allow judges to modify mortgages. This will give homeowners bargaining leverage with mortgage servicers (and give the servicers more leverage with securitized creditors on up the line) to get better terms; and, second, a […]

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