A Troubling Picture on U.S. Fiscal Issues
​Following the failure of the GOP’s health care reform efforts attention may now turn to the potential for a government shutdown as the Continuing Resolution that provides budgetary authority for discretionary government spending expires on April 28. These short-term budget problems are troubling but last week’s report on the Long-Term Budget Outlook from the Congressional Budget Office (CBO) points to far greater fiscal challenges down the road. The medium- and longer-term fiscal trends reported by the CBO might make fiscal conservatives apprehensive about supporting changes to the tax code that further boosts budgets deficits. The lack of a specific tax reform plan and uncertainties over the budget could lead to less enthusiasm toward risk assets in the coming months.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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