Monthly Archives: July 2010

Will Republicans Really Block Tax Cuts Because They Go Only to Earners Below $250K?

President Obama proposes allowing the Bush tax cuts to expire next year — as they are scheduled to do if nothing is changed — for those earning more than $250,000, but changing the law so as to extend the tax cuts for those earning less than that amount.   Republican politicians are opposing the proposal.    I […] Continue reading

Posted in Budget, Obama Administration | Tagged , , | Leave a comment

Reserves and Other Early Warning Indicators Predict Crises After All

With aftershocks of the recent global financial earthquake still being felt in some parts of the world, it would be useful to have a set of Early Warning Indicators to tell us what countries are most vulnerable.    Nobody should be surprised that it is hard to forecast crises with high reliability;    low-risk opportunities for profits […] Continue reading

Posted in Emerging markets, Financial Crisis, International Monetary Fund | Tagged , , | Leave a comment