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10 Monday AM Reads

The Big Picture

Yet the fundamental math of bond returns bodes well for 2023, our columnist says. ( Survival Lessons From Past Tech Downturns : The current tech downturn could be much worse than it appears now, say those who lived through the 2001 and 2008 crashes—but those who make it have the chance to fuel the next bubble. New York Times ). •

Math 306
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Transcript: Julian Salisbury, GS

The Big Picture

So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. And then I was the beneficiary of the TMT bubble bursting in 2001.

Assets 299
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Finally, a Stock Market Crash!

Mr. Money Mustache

It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.). In today’s market, you are getting about 25% more shares for each dollar that you invest. 3) Okay, but I really am retired and trying to live off my investments now.

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Transcript: Dominique Mielle

The Big Picture

So it was a pretty different situation from 2001, where the whole dot-com bust, but more importantly, the telecom implosion. The great bonanza of late ’08 and ’09 is that there were companies that were not stressed at all. It’s just the bonds were trading horribly, just because liquidity was gone for the market.

Assets 285
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Market Commentary: January Gains, Jobs Report Both Bullish for Markets

Carson Wealth

It indicates that more people are working and want to work than at any point between 2001 and 2020. By my math, there have been 57 Super Bowls and 22 different winners. It’s not far below the highest level recorded over the past year when the ratio hit 80.9% in October 2023). I broke the data down by franchise and city.

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The Budget Deficit Big Lie and When Will Soaring Debt Finally Matter

Mish Talk

For example, there were alleged budget surpluses in four consecutive years, 1998 through 2001. 2001 had a reported surplus of $128,236 billion. 2022 Math The 2021 year end debt was $29.621 trillion. This is not a fiscal vs. calendar year distortion, but an ongoing deficit lie. Yet ,debt rose by $281,223 billion.

Budgeting 200
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Transcript: Savita Subramanian

The Big Picture

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. So it’s been, you know, back in, in 2001, strategists were telling you to put about 70% of your money in stocks.

Numbers 147