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Debt, Deficits, Cassandra!
Debt and deficits. Everywhere I look, read, listen, observe, or encounter in person or by text or by email, there are wannabe Cassandras predicting a calamity over debt and the deficit. These are all just opinions. Remember: Cassandra could predict the future, yet no one believed her. Modern-day, wannabe debt-and-deficit Cassandras predicting the future are often believed,…
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France, Turmoil, Credit Spreads
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) The political disruption in France has implications for the euro and for world financial markets. France is the second largest economy in Europe; Germany is first. It was one of the original six countries that participated in the Maastricht…
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Deficits & Interest Rates
David R. Kotok, October 30, 2024 (The following was first published on Cumberland Advisors’ and The Kotok Report websites, and via LISTSERV. For details, visit https://www.cumber.com/ or https://kotokreport.com/.) There are many factors which impact interest rates, and the federal deficit and the total federal debt are only two of them. That said: The political rhetoric…
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The Fed’s Balance Sheet
David R. Kotok, August 14, 2024 (The following was first published on Cumberland Advisors and The Kotok Report websites and via LISTSERV. For details, visit https://www.cumber.com/ or https://kotokreport.com/.) Now that financial market agents and media pundits have collaborated in planning for one, two or three Fed rate cuts this year, the attention, and the debate,…