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The activist investor is hedging his portfolio while pounding the table for U.S. fiscal moves, like a tax solution that would entice U.S. corporations to repatriate offshore cash.
"Is the U.S. fiscal position unique?
One was U.S. fiscal policy: tax rates were cut sharply, and budgetary deficits ballooned.
The U.S. fiscal cliff is not the only risk out there, of course.
And they've shown a stunning lack of knowledge about basic U.S. fiscal budget math.
Yesterday, I argued that U.S. fiscal policy is heading in the wrong direction, toward the economics of austerity.
Stiglitz: U.S. Fiscal Measures Too Little Too Late, by Brian Fallow, New Zealand Herald, March 19 , 2008
Nobody is yet proposing that Europe move to anything resembling U.S. fiscal integration; the Juncker-Tremonti plan would be at best a small step in that direction.
We are also unlikely to get clarity on the U.S. fiscal situation until after the presidential election, keeping the job market recovery in low gear.
And even if markets were worried about U.S. fiscal prospects, spending cuts in the face of a depressed economy would do little to improve those prospects.
As you might imagine, I find myself in a lot of discussions about U.S. fiscal policy, and the budget deficit in particular.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com