Holy Cow! Even Goldman Sees $2 Trillion Annual Deficits As Far As The Eye Can See, Part 1

In the not too distant future there is going to be a “what were we thinking!” moment. And on both ends of the Acela Corridor. Washington is lobbing fiscal bunker busters at the Wall Street bond pits, but so doing it exudes a level of insouciance—-which is to say nonchalance, unconcern, indifference and heedlessness—-that is just plain stunning. In financial terms, the Imperial […]