What comes after the stimulus-fueled short-term economic boom?
He Downgraded the U.S. a Decade Ago. He Stands by
It.
https://www.bloomberg.com/opinion/articles/2021-03-17/john-chambers-downgraded-the-u-s-in-2011-and-stands-by-it
John Chambers, former chairman of S&P’s sovereign rating committee, notes:
“You’d have to say the effectiveness of governance has improved lately. That would be on the plus side. But the fiscal position has deteriorated markedly. That’s on the negative side. And the rest is pretty much the same, the real economy, the monetary settings and the external position. Neither the Republican nor the Democratic parties have shown any ability to carry out countercyclical fiscal policy in good times. It’s one thing to have countercyclical fiscal policy in bad times, but you have to have some contraction when times are good. And we haven’t seen that”.
https://www.bloomberg.com/opinion/articles/2021-03-17/john-chambers-downgraded-the-u-s-in-2011-and-stands-by-it
John Chambers, former chairman of S&P’s sovereign rating committee, notes:
“You’d have to say the effectiveness of governance has improved lately. That would be on the plus side. But the fiscal position has deteriorated markedly. That’s on the negative side. And the rest is pretty much the same, the real economy, the monetary settings and the external position. Neither the Republican nor the Democratic parties have shown any ability to carry out countercyclical fiscal policy in good times. It’s one thing to have countercyclical fiscal policy in bad times, but you have to have some contraction when times are good. And we haven’t seen that”.
Manufacturing Isn’t Coming Back. Let’s Improve
These Jobs Instead.
https://www.nytimes.com/2021/03/17/opinion/health-care-jobs.html
Gabriel Winant notes:
“The same forces that made the country more unequal also made it more reliant on Medicare and Medicaid and, despite periodic budget-cutting pressure, these programs have grown in a way that seems irresistible in the long view.
https://www.nytimes.com/2021/03/17/opinion/health-care-jobs.html
Gabriel Winant notes:
“The same forces that made the country more unequal also made it more reliant on Medicare and Medicaid and, despite periodic budget-cutting pressure, these programs have grown in a way that seems irresistible in the long view.
The Robots Are Coming for Phil in Accounting