The U.S. Congress has ignored the budget deficit for decades. Debt investors have almost run out of patience. Will Congress address the problem—or continue to play for time?
Donald Tusk has accused the National Bank of Poland of manipulating interest rates to help his predecessor win last year’s election. Here is ample proof that Tusk has no case.
The prospect for lower interest rates in Europe is fading, but the reason has nothing to do with the European economy. The reason is found on the other side of the Atlantic Ocean.
Economists have failed to explain Europe’s economic stagnation. Here is an explanation they have not considered.
One would have to go back to Soviet times to find a more authoritarian polity in Russia.
The U.S. Treasury keeps selling a lot of short-term, expensive debt when long-term debt is demonstrably cheaper. Why?
Nine EU states are now in a recession. The ECB can help the continent ease the downturn, but they are up against bigger forces of economic stagnation.
By supporting the “European project”, Catholic bishops often forget that they ask voters to back today’s MEPs who favour abortion and euthanasia.
Many analysts think that today’s interest rates are the exception and that rates should always be low. History tells a different story.
The Socialist Party, which is devoid of leadership and a sense of public service, has gotten what it deserves.
There is a deep, structural flaw in the Swedish economy. It is so bad that the country is now slow-walking itself into an economic crisis.
In 18 months, the cost of the federal government’s debt has increased by 86%. Where will it be 18 months from now?
