In-depth analysis on Credit Writedowns Pro.

The sequester will happen

My thesis these past few years is that a fiscal retrenchment to reduce deficits in the US was likely to lead to a shortened business cycle. I have been saying since 2013 began that politics favoured the United States going into austerity mode this year because deficit hawks have finally been able to galvanize support for their framing of the fiscal debate. Increasingly, this appears to be an accurate view.

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.