Economic and financial commentary by Truman Factor’s staff and contributing analysts.
The travails of the pound is far more instructive to those pondering the fate of the U.S. currency.…
Talk about “currency wars” is not helpful, as it distracts from the origin of the problem.…
Is there any justification in saying that these two countries are closer today to exiting their ward-of-the-troika status than they were last July, before Mr Draghi’s pronouncement that he will do all it takes to save the Eurozone?…
The whole situation mirrors the late 1960s, during a period that led up to the "Nixon Shock."…
Once such supra national taxes are established, they suffer from very little if any democratic supervision.…
A failure to raise the debt ceiling is not a commitment to renege on obligations. It is simply a decision to stop borrowing.…
Let’s hope that Mr. Greenberg’s lawsuit will expose the Treasury’s dirty laundry as a catalyst to reopening alternatives to the false hope of inflating a new bubble.…
The trillion dollar coin idea is a marvel of political imagination and public ignorance.…
Being reserve currency resides as much in trust as in any other factor, and taking this step, of minting coins to pay debt and avoiding the political process, will just further encourage other countries to move away from the dollar and dollar based assets.…
We are now - and will remain - a debt-fueled economy for as long as the rest of the world permits this to continue.…