A Japan Shock Could Soon Hit Global Markets

Text size Commuters in front of the Bank of Japan headquarters in Tokyo, Japan. Kiyoshi Ota/Bloomberg About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith … Read more

A Summer of Sovereign-Debt Crises Could Be Coming. Is the Fed Ready?

Text size Conditions in the US were already enough to justify a pause in the US Federal Reserve’s rate-increase, Desmond Lachman writes. Kevin Dietsch/Getty Images About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s Policy Development and Review Department and … Read more

There is no US debt crisis

Republicans in Congress are threatening once again to force the US to default because they lack the votes to enact their preferred fiscal vision. Yes, it’s debt ceiling season once again. For those not following along at home, US law imposes an arbitrary limit on the amount of money the government is allowed to borrow. … Read more