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EUR/USD – 2013 in Review

EUR/USD – 2013 in Review

Dec 25, 2013

The ECB is expecting better news in 2014, with the Eurozone economy expected to post growth of 1%. Inflation is projected to remain week, with an estimate of 1.3%. So we can expect interest rates to remain low for the foreseeable future, as ECB head Mario Draghi has stated...

Global Currencies Forecast: 2014

Global Currencies Forecast: 2014

Dec 10, 2013

More than five years after the onset of the Great Recession, consistent global growth remains elusive, prompting central banks to stick with artificially low interest rates while pumping an unprecedented infusion of cash into the financial system. As they search for new ways to stimulate liquidity to augment the stimulus...

The "Unsustainable" Path of Federal Fiscal Policy Part III: An Analysis of …

The "Unsustainable" Path of Federal Fiscal Policy Part III: An Analysis of …

Oct 26, 2013

In part three of our four part series we explore the long-run trends in federal debt and the annual budget deficits that lead to the accumulation of federal debt through the Congressional Budget Office's (CBO) current forecast horizon of 2088. We begin with a brief history of federal deficits...

The "Unsustainable" Path of Federal Fiscal Policy Part II: An Analysis of …

The "Unsustainable" Path of Federal Fiscal Policy Part II: An Analysis of …

Oct 10, 2013

In its latest Long-Term Budget Outlook, the Congressional Budget Office concludes that the future path of federal spending is "unsustainable." In part two of our four-part series on the unsustainable path of federal fiscal policy, we explore the ongoing trends in federal spending and focus on the key drivers...

The Unsustainable Path of Federal Fiscal Policy Part I: Federal Revenue Projections and …

The Unsustainable Path of Federal Fiscal Policy Part I: Federal Revenue Projections and …

Oct 8, 2013

Recently, the Congressional Budget Office (CBO) released its latest Long-Term Budget Outlook, which this year again highlights the fact that federal fiscal policy continues along an unsustainable path. In this first of a series of reports on the unsustainable path of federal fiscal policy, we provide an analysis and...

Life After Ben: Choosing the Next Fed Chair

Life After Ben: Choosing the Next Fed Chair

Aug 28, 2013

The biggest question on monetary policy for the years ahead is, who will be the next Federal Reserve chairman? More importantly, who is best qualified to normalize policy without disrupting the current pace of economic growth and financial stability? The clear choice is Chairman Ben Bernanke, who nursed an...