An idea is gaining press-space (if not actual attention) in Washington: forget the debt ceiling and simply mint a trillion dollar coin, deposit it into the Treasury's account at the Fed and use the balance to grow spending without growing the deficit.
One of the reasons I believe the euro currency union must break up is the unwillingness of labor in the region to go mobile.An interesting article published this week argues different.
The economy today is in about hour three of a true Deadhead experience: Nothing happening seems unexpected. Nothing expected seems about to happen.
For those of you too young to attend the original, welcome to the Deadhead economy.
This week, the Fed made two significant announcements - one expected, one not.
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