Tag Archives: US fiscal deficit

SOTU=No Change to Deficits

By Andrew Busch | Published: January 26, 2011

State of the Union addresses are normally long on vision and short on specifics as the president attempts to lay out a broad vision for the country. Yet, there are examples throughout our nation’s history of dramatic speeches that carried true weight. The Monroe Doctrine, Lincoln’s slavery abolition and FDR’s 1941 Freedom speeches all come to mind. However, I think what President Obama was hoping for was the 1996 Clinton SOTU that generated a 7 point increase in the polls.

For the markets, the major positive points were: a cut in corporate taxes, a re-working of the health care law, … …READ MORE

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Canada Sounds A US Warning Bell

By Andrew Busch | Published: December 23, 2009

Over the last two years, many government officials have critiqued the United States for their handling of the crisis. The problem with most of the comments is that they come from countries that are engaging in similar behaviors. Therefore, the validity of their analysis is similar to a family advice column by a golfer.

This is not the case with Canada. The Canadian banking system is held up by many as the shining example of how to avoid financial disaster. (FULL DISCLOSURE: I WORK FOR A CANADIAN BANK.) So when the Canadians offer advice or voice concerns, I think the … …READ MORE

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CNBC Tonight w/Steve Forbes

By Andrew Busch | Published: November 23, 2009

Tonight at 7PM ET, I’ll be appearing on CNBC’s Kudlow Report w/ Steve Forbes discussing the US fiscal deficit and the US dollar.… …READ MORE

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Markets Smell a Country Rat

By Andrew Busch | Published: November 23, 2009

Before everyone gets their underwear in a bundle, the Senate merely voted to start the debate and amendment process for the Reid Health Care bill. The 60 vote barrier was almost pre-ordained before it took place. The fun starts now with several Democratic senators warning they won’t vote again on the bill without significant changes. Make no mistake, this bill has traveled far and wide from it’s original intent of inclusion and improvement that was promised at the start of this process.

Remember, the reason why we started down this path was to bend the cost curve back downwards for … …READ MORE

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Treasury to Increase Duration?

By Andrew Busch | Published: October 26, 2009

Bloomberg carries an interesting analysis of the looming shift of US Treasury issuance for 2010. “After selling $1.9 trillion of short-term securities to finance President Barack Obama’s efforts to end the worst recession since the 1930s, the Treasury plans to lengthen the average due date of its outstanding debt to 72 months from a 26- year low of 49 months. That may mean boosting sales of 10- and 30-year bonds by 40 percent over the next year to $600 billion…”.

As everyone knows, this week ends the Federal Reserve’s $300 billion QE program of monetizing the US government debt by … …READ MORE

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