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Catastrophizing Debt

The Big Picture

Do we simply ignore the growth in the size of the economy and the U.S. The US population today is 341,814,420; in 2009 it was 308,512,035. Economy in 2022 was $25,439.70B; in 2009, it was $14,478.06B; ignore that also? from 2009, and by 2024 you get (wait for it) $193.44T. population? Do we just ignore that?

Economy 347
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Math Problems

The Better Letter

The maths are exactly the same. These sorts of math problems are the focus of this week’s TBL. Math Problems As this TBL goes live, just 16 games and one day of the NCAA Tournament are in the books, yet my bracket is a mess. We notice the unlikelihood of 100 in a row because of the pattern. Thanks for reading. quintillion.

Math 93
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Transcript: Anat Admati

The Big Picture

ANAT ADMATI, PROFESSOR OF FIANCE AND ECONOMICS, STANFORD GRADUATE SCHOOL OF BUSINESS: So, my journey starts where I took a lot of math. I was good in math and I love the math. So, I was kind of, in my romantic mind when I was in my early 20s, I was going to take but not give back to math, that kind of thing.

Banking 204
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Transcript: John Hope Bryant

The Big Picture

And he’s really moving the needle in terms of having people take control of their own financial life in a way that benefits not just them but the entire economy and all of society. They’re an underground economy because they don’t trust the mainstream economy. These are not dumb people. RITHOLTZ: Right.

Banking 147
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Transcript: Luis Berruga, Global X ETFs

The Big Picture

And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. I mean, I always say it depends on the economies or the scale of the business that you are considering.

Clients 162
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Transcript: Brian Higgins, King Street

The Big Picture

I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. I mean, think about the deficits we, we have when it’s pretty much full employment, economy’s still pretty strong. 00:02:16 [Speaker Changed] Me too.

Numbers 147
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What Might Happen if You Invest $100 in Bitcoin Today?

Good Financial Cents

Bitcoin was created in 2009 by a mysterious figure who goes by the pseudonym Satoshi Nakamoto. Anyone with an Internet connection can participate in the cryptocurrency economy. When it first launched in 2009, a single bitcoin was only worth a few cents, but at its peak, it was worth around $60,000. What is Bitcoin Worth?