Imagine when China runs a trade deficit

By Wei Gu
September 29, 2009

If current trends continue, China might swing to a trade deficit
in the not-too-distant future. Given that China has enjoyed more
than a decade of strong exports, this may sound a bit far-fetched.
But even if it happens, this would not necessarily be something for
the world to worry about.

from Rolfe Winkler:

White House: 10-yr deficit now $9 trillion

August 21, 2009

Some breaking news from Reuters about an updated deficit projection:

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

Stomachs of steel for U.S. debt

July 30, 2009

Bond market vigilantes — investors who punish profligate governments by pushing up their cost of borrowing — have been remarkably quiescent.

More debt won’t solve BA’s pensions headache

July 17, 2009

Issuing a bond or taking out a bank loan to support a pension fund deficit is not a solution to a problem. It is simply a way of funding one future liability with another. At best it defers the problem; at worst it can magnify it.

Ouch! BA’s pension deficit is set to pass 3 billion pounds

July 16, 2009

It’s a bit rough on BA that the triennial review of its pension funds should have co-incided with the bottom of the equity market at the end of March, since the result will be a deficit in excess of 3 billion pounds.