Mike Hurley

9 Flips | 2 Magazines | @dosub07 | Keep up with Mike Hurley on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Mike Hurley”

The markets seem to think the US might just be crazy enough to default

Ok, it’s probably not going to happen. But markets seem to be increasingly considering the remote possibility that the US might not meet its financial obligations.<p>How do we know?<p>One way is from looking at the markets for credit-default swaps, the insurance bond investors buy to protect against …

Finance

The Labor Department's jobs report that wasn't | Marketplace.org

BOEHNER: We're On The Path To Default If Obama Doesn't Negotiate On The Debt Ceiling

"We're not going to pass a clean debt limit increase," Boehner told ABC's George Stephanopoulos on Sunday.<p>"I told the president, there's no way we're going to pass one. The votes are not in the House to pass a clean debt limit. And the president is risking default by not having a conversation with …

GOLDMAN: If The Debt Ceiling Isn't Raised And The Treasury Runs Out Of Cash, Then Say Goodbye To 4.2% Of GDP*

The government shutdown is the result of Congress' failure to make a budget deal.<p>However, the shutdown has taken attention away from a much bigger policy risk: the impending debt ceiling, which is when the U.S. Treasury is no longer able to borrow money by issuing debt.<p>Economists as well as …

Economy

An Economic Avalanche Is Coming

Last week, we didn't get scheduled releases on construction spending, factory orders, or employment. Next week, we may not get releases on trade, job openings, wholesale inventories, import prices, inflation (PPI), retail sales, and business inventories.<p>The data produced by the private sector …

2013 Was Supposed To Be The Breakout Year For The Economy

The Federal Open Market Committee (FOMC) saw improvement since a year ago, but "the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchase."<p>In terms of monetary policy, 2013 will look a whole lot like 2012. But it was supposed to be a …

Browns' Brian Hoyer done for year

CLEVELAND -- Cleveland Browns quarterback Brian Hoyer suffered a complete tear of the ACL in his right knee during Thursday night's victory against …

Football (U.S.)