To understand what the reconciliation option is, it is simply a call for the budget by Reconciliation, while avoiding the filibuster. It informs certain Congressional committees to change budgets for spending, revenues, or deficits by specific amounts. Each committee writes…
CRY HAVOC
Why do people compare COVID with war, and why is that wrong? In #Italy, partly due to the fact that the present #COVID tzar is a military man, some people in the ruling classes have started uttering that “Covid is like a war”.…
Biden’s conundrum between economics and politics
Over the last couple of weeks, the Fed has managed to keep the S&P 500 elevated and close to 4000, despite the bond vigilantes beginning to flex their muscles. This turbulence may soon be over, wherein you could see the Fed…
A range bound Dollar is more likely
Bullish US$ capped at 93-95 DXY · US vaccine distribution has surpassed every modernized nation (except the UK) · US Fed/Treasury actions would want to limit the perception of failing dollar · US Fed/Treasury actions to improve its purchasing power in order to…
The Crisis that never was – An Italian perspective
By: Giovanni Ponzetto Covid notwithstanding, I believe that the authorities do not yet appreciate the extent of the crisis now facing the EU…..they will, but we are not there yet. One of many things about Europe that irritates me, during…
News in Brief
Trump at CPAC Trump makes his first political appearance at CPAC Feb 28. Fresh off impeachment 2.0 “victory”, Trump looks to make his political future a bit clearer in Orlando this weekend. The realization by Nikki Haley, Mitch McConnell and other GOP…