That’s how long until we ‘go headlong over the fiscal cliff,’ according to Washington Post columnist and The Big Picture blog founder Barry Ritholtz. On today’s episode of The Number, Ritholtz and Daniel Gross share their predictions for where the economy is heading.

Category: Media, Politics, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “The Number: 67 Days”

  1. foosion says:

    Fiscal policy should be counter-cyclical – cut the deficit in good times, spend to help the economy in bad times. Therefore, we should now be focused on increasing GDP and decreasing unemployment. Once the economy has recovered, we should focus on cutting the deficit (which is essentially the result of US healthcare spending per capita being twice the rest of the world – fix that and we’ve fixed the deficit).

    Let’s check the market. Is it saying we need to fix the deficit now? Treasury yields are at record lows. The 20 year real yield is approximately zero. The market is telling us it wants growth, not deficit reduction.

    We’re yelling fire in Noah’s flood.

  2. ilsm says:

    Romney is yelling fire!

    The attack PAC’s for Romney are yelling bloody murder about the deficit and debt. Over $12T of it is from Reagan and Bush II maybe more if you count the tax cuts and war debt!

    I think Romney and the PAC’s need to get it; good and hard.

    This is what Ryan and his house voted last summer.

  3. [...] Listen to Ritholtz Sees “Major Cyclical Correction” from Tuesday morning, and watch this and this from [...]

  4. socaljoe says:

    Taxes are at all time lows? Really? Tax receipts in 2011 were $2.3 trillion which is 5% below the all time high of 2007. Tax receipts have doubled in the last 15 years, “Bush tax cuts” notwithstanding.
    http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=203

    ~~~

    BR: Listen to what I said: Federal tax rates are at 50 year lows. Stop being a pedantic eejit

  5. socaljoe says:

    Well, I listened to the interview without the benefit of a transcript so I might have missed the distinction between “taxes” and “tax rates”… my apologies.

    However, I don’t consider my comment pedantic at all… yes, marginal (but not effective) tax rates may be a 50 year lows, but actual tax receipts are within 5% of all time highs… when it comes to the deficit, actual tax receipts are more relevant than marginal tax rates… in my opinion.

    Tax receipts adjusted for population and inflation have been more or less flat for the last decade. It’s the spending that has gone out of control. This is not a pedantic point… it is the heart of the problem… in my opinion.

    In any case, the name calling is unbecoming.

  6. Your cognitive biases are such that you hear what you want and expect to, not what is actually being discussed. You ignore context, explicit statements, implicit ideas — your selective perception is a function of your ideological driven sensory apparatus, biased to the point where you literally hear what conforms to your preconceived notion. Its not just that you think of the world differently, you literally see and hear what isn’t there, rather than create a cognitive conflict with your preconceived notions.

    I could write that explanatory 100 times per day, but “pedantic eejit” is just so much quicker to type.

  7. socaljoe says:

    Well, Barry… you’re entitled to your opinion, of course… but the name calling, in either form, is still unbecoming… in my opinion. Have a nice day!

  8. icantdance says:

    see above, BR depiction of the trolls leprosy symptoms is very graphic