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Do the markets care about the $2.4 trillion U.S. deficit?
If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national debt of $64 trillion and a national deficit of $2.4 trillion in 2006. Although capital markets seem to care abou the officially reported budget deficit--a metric that is backward looking and quite misleading--the markets have done little more than yawn at the federal government's mammoth, and growing, forward-looking budget imbalance. Are investors uninformed? They should remember that the common belief that capital markets cannot fail is precisely the reason why they can.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| FAJ6302 | PSB lt.dasar - Pascasarjana | 2 |
| Penerbit | Virginia: CFA Institute 2007 |
|---|---|
| Edisi | Vol. 63, No. 2, Mar. - Apr., 2007 |
| Subjek | Capital markets Social security U.S. fiscal deficit medicare generational imbalance present value of liabilities |
| ISBN/ISSN | 0015198X |
| Klasifikasi | NONE |
| Deskripsi Fisik | 11 p. |
| Info Detail Spesifik | Financial Analysts Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |