Looking at Greece it is easy for those in the most prosperous nations in the world to assume such misadventures in government debt could never traverse to domestic shores. But perhaps an alien visiting the planet and just looking at a recent government letter and the history of U.S. discourse over government debt might disagree. Jack Lew says this fall Congress must act on debt With a dispassionate, mathematical logic, the alien might consider U.S. Treasury Secretary Jack Lew’s July 29 letter noting that the government has taken “extraordinary measures… to avoid default.” Those “extraordinary measures” keeping the government afloat…
U.S. Treasury Secretary Jack Lew Sends Love Letter To Congress Over Debt Ceiling
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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