Tick, tick, tick Bloomberg News | James Alexander Michie

Don’t cut badly needed coronavirus spending now. (But pare Social Security and Medicare later.) Government programs to blunt the economic impact of the coronavirus pandemic will make the federal budget deficit much wider in 2020 than at any point in the last 75 years. The nonpartisan Congressional Budget Office’s new forecasts, […]

Ever since the early stages of the US-China trade/tech/virus/cold war four years ago, there were frequent rumors — which eventually gave way to increasingly legitimate chatter — that China was looking to go full “nuclear option” by selling some or all of its $1+ trillion of US Treasury securities, which incidentally has not been […]