Can We Grow Our Way Out of the National Debt?
Peter G Peterson Foundation This year, the United States hit an unfortunate fiscal milestone as the national debt grew larger than the size of the economy. Federal debt held by the public is projected to reach 101 percent of gross domestic product (GDP), the highest level since World War II. Worse, it is projected to […]
Why the historic U.S.-Japan intervention has failed to halt the yen’s slide
Lee Ying Shan@in/ying-shan-lee@LeeYingshan The Japanese yen has erased about half the gains from a historic U.S.-Japan intervention less than two weeks ago, as the fundamental forces that have pressured the currency to multi-decade lows prove increasingly resilient against short-term measures. Japan’s currency is currently trading at over 159 per dollar, after having strengthened to 155 in […]
