Fiscal Improvement

By |2014-01-15T17:51:46-05:00January 15th, 2014|Economy, Markets, Taxes/Fiscal Policy|

The macro-economic parallel to my earlier post regarding the dramatic decline in borrowing pace is that there is an urge to include the “improving economy” as a factor driving better fiscal fortunes. Unfortunately, like so many earnings reports, the budget deficit is enthralled by a series of “one-off” factors compelling the treasury toward what only appears like responsibility. There was [...]