Tag: default

Fiscal Forecast: Debt and De-Dollarization, Part I

The new debt-ceiling deal has its merits, but it also kicks the big spending reform can down the road. It also ignores the broader threat to the U.S. economy: de-dollarization. On that front, there is one event that could end dollar hegemony with one stroke of the pen.

Sanctions Force Russia Debt Payment Default

The default has been reported as “mostly symbolic” of “the worst economic contraction” in Russia in many years; Russian President Vladimir Putin has a different account of the Russian economy.