Monthly Archives: October 2013

Expected October 2013 Federal Open Market Committee (FOMC) Statement

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Information received since the Federal Open Market Committee met in September suggests that economic activity has been expanding at a moderate pace but fiscal policy is restraining economic growth. Labor market conditions have … Continue reading

Posted in Economics, Monetary Policy, North America and Caribbean, Transformations LLC | Tagged , | Leave a comment

The Lesson From The Housing Crisis Alan Greenspan Did Not Yet Learn

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Robert Shiller had warned about irrational exuberance in stocks in the run up to the technology bubble bursting. He also cautioned about the rapidly rising home prices and how they were primed to … Continue reading

Posted in Economics, Monetary Policy, North America and Caribbean, Transformations LLC | Tagged , | Leave a comment

Defaulting On Debt Is Unconstitutional

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. … Continue reading

Posted in Economics, North America and Caribbean, Politics | Tagged , , | Leave a comment

Why Larry Summers Is Wrong On Debt

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa If any other nation had gotten this close to failing to pay its debts its economy would have already collapsed as investors fled. The New York Times Lawrence Summers, former adviser to President … Continue reading

Posted in Economics, North America and Caribbean, Politics, Transformations LLC | Tagged , | Leave a comment

Government Shutdown And Potential Default: The Deal

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Below is the outline of a deal between The White House (and the Democrats) and the Republicans: Before October 17, 2013 1. Raise debt ceiling to $17.5 trillion or $800 billion above the … Continue reading

Posted in Economics, North America and Caribbean, Politics, Transformations LLC | Tagged , , , | Leave a comment

Government Shutdown And Potential Default: Obama And The Democrats Are To Be Blamed

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa President Barack Obama cautioned the Republicans against “manufactured crises.” If his negotiating style is any clue, he may have preempted the Republicans on assigning blame for who is responsible for manufacturing them. The … Continue reading

Posted in North America and Caribbean, Politics, Transformations LLC | Tagged , , , | Leave a comment

Getting Around The Debt Ceiling

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa By October 17 the United States Treasury will run out of cash to pay the government’s bills if the Congress does not vote to raise the debt ceiling. America will have to default … Continue reading

Posted in Economics, North America and Caribbean, Politics | Tagged , , , | Leave a comment