Our Perspective

  • On May 16, 2011 the U.S. reached its debt limit of $14.3 trillion. With the subsequent possibility that the U.S. will be unable to issue further debt, and may even undergo a technical default, there has been a lot of discussion, and hype about raising the debt ceiling. You may be hearing mixed messages about the debt ceiling and the impact of default. Here are answers to some questions you may have about the debt limit.[i] What is the Debt Limit? The federal debt limit was created in 1917 with...
    Post date: : 06/07/2011 - 8:00pm
    Category: Our Perspective
  • In the aftermath of a hard-hitting recession, states and localities are still feeling the heavy pressures of decreased revenues, and as a result, many have raised fears of being unable to alleviate operating deficits in order to maintain a balanced budget for the 2012 fiscal year. High rates of unemployment have only worsened the problem. Particular municipalities, including California and Illinois, have gained increased attention lately for their more extreme budgetary deficits. Such...
    Post date: : 02/21/2011 - 7:00pm
    Category: Our Perspective
  • It would be impractical to deny that in this moment, we are faced with the harsh reality of an ever increasing national debt in the United States. Just a quick glance at the latest figure, $13.7 trillion, reminds us that resolution, and more importantly resolution with sensible solutions, will be an incredible challenge. Unless actions are taken soon, this rising debt burden threatens our economy, our ability to grow, our competitiveness, our standard of living, and the confidence of...
    Post date: : 11/17/2010 - 7:00pm
    Category: Our Perspective
  • Get ready for another round of Quantitative Easing (QE) by our Central Bank – The Federal Reserve Bank of the United States of America. Quantitative easing in essence is nothing more than a monetary policy tool used by central banks when the short-term interest rates, which they control, are at or near zero. The Federal Reserve Bank has a dual responsibility to ensure that our economy is functioning at full potential. They are legally bound to effectively promote the goals of maximum...
    Post date: : 10/31/2010 - 8:00pm
    Category: Our Perspective
  • With the announcement on Friday the 27th of August of the downward revision in GDP to 1.6% for the second quarter 2010 the talk of a double dip recession increased among economists and members of the financial press.  Even some of the most bullish economists were putting the odds at 25% or more.   A recession is commonly held to be two consecutive quarters of negative economic growth.  A double dip recession is a recession followed by positive economic growth followed by another period of...
    Post date: : 07/18/2010 - 8:00pm
    Category: Our Perspective


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