For the nation, according to supply-sider Hoffmeister, it is not the end of the world.
Those deficits are the remnants of the decline in that tax revenue, Hoffmeister says.
The secular bull market for gold is over, said Paul Hoffmeister, senior economist with Bretton Woods Research.
Hoffmeister said there are other matters not supportive of gold at the moment.
Still, there are more positives, points out Paul Hoffmeister at Jersey-based Bretton Woods Research in a note to clients on Wednesday.
Bretton Woods chief economist Paul Hoffmeister has been writing for years that foreign policy developments play a big role in dollar movements.
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Clearly, the new estate tax exemption is a significant improvement, Hoffmeister says.
If they do, then growth and stocks could be threatened, says Hoffmeister.
The 10-year Treasury yield will break out higher into a new trading range this year, Hoffmeister predicts, somewhere between 2.0 percent and 2.75 percent.
Paul Hoffmeister, chief economist at Bretton Woods Research, a boutique investment research firm in New Jersey, gives a shut down a 30% probability of occurring.
Look for the money printing to cease by year-end, says Paul Hoffmeister, chief economist at boutique investment research firm Bretton Woods Research in New Jersey.
Further inflationary pressures from are stagflating the global economy, Hoffmeister says.
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Paul Hoffmeister is the chief economist for Bretton Woods Research, LLC.
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But, says Paul Hoffmeister, economist at the boutique investment research firm Bretton Woods Research LLC, any negative economic impact of the spending cuts will be negligible.
Despite the extraordinary volatility, the major factors at the margin that were outlined here this week from economist Paul Hoffmeister of Bretton Woods Research remain in tact.
Hoffmeister, a student of Jude Wanniski, an 80s supply-side champion and former economic adviser to Ronald Reagan, agrees that the dollar should be somehow pegged to something more tangible, like gold.
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But his logic suggests that the Fed should continue using interest rates as its operating lever to control the dollar, says Paul Hoffmeister, an economist at independent research firm Bretton Woods Research.
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Then I asked Hoffmeister about this and he said that Article 1, Section 8 of the Constitution states that Congress has the power to coin money and regulate the value of it.
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Hoffmeister points to a Journal editorial written by none other than the great partisan, Karl Rove, saying that the Democrats actually want healthcare reform to fail so they can blame the Republicans.
But Ryan is partly to blame too, for not aggressively focusing on the twin pillars of prosperity: tax cuts and a stable dollar, writes Paul Hoffmeister, an economist with BrettonWoods Research LLC in Mount Tabor, NJ, a boutique investment research firm.
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This is incorrect, Hoffmeister says.
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