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Interest Payments Are An Increasingly Large Part Of The US Budget Deficit

The Big Picture

If you were in Congress from 2015-2021, you are the reason why HALF of the projected federal debt will soon be interest payments. Source: Chartr We talked about this 2 weeks ago , but the nation missed a fantastic opportunity to refinance all of the outstanding US debt at much lower levels.

Budgeting 321
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Why Is the Fed Always Late to the Party?

The Big Picture

2010s : Remained on emergency footing post GFC for far too long – left rates at 0 until December 2015. To sum up, the Fed was late to recognize post 9/11 the impact their ultra low rates were having; Post 2008-09 crisis, they kept rates at zero until 2015, post Covid, they kept rates at zero despite inflation and market signals.

Banking 336
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History of Black Monday

The Big Picture

October 19, 2015). It was a unique but highly instructive era; for anyone who wants to dive deeper into history, Tim Metz’s Black Monday: The Catastrophe of October 19, 1987 … and Beyond — highly recommended! Previously : Where Were You On Black Monday? 25th Anniversary Black Monday 1987 Crash (October 19, 2012).

Insurance 360
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Folly of Forecasts, Big Short Edition

The Big Picture

Khoo looked at Michael Burry’s predictions since 2015 and whether markets followed his forecasts or not. What you say in an interview or tweet out during the trading day is free marketing , costs you nothing, and is typically forgotten. Except when people like Adam Khoo ‘s keep track of what you have been saying.

Marketing 246
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Stop Worrying About All Those Tech Layoffs…

The Big Picture

UPDATE 4:45pm I see Chartr is on this as well: See Also : Mind the anecdata (Sam Ro, Jan 22, 2023) The American Rescue Plan was the best economic policy in forty years (Claudia Sahm, Dec 7, 2021) Previously : The Plural of Anecdote IS Data (February 4, 2019) Fearing the Dramatic, Complacent for the Mundane (April 29, 2019) Denominator Blindness, (..)

Economics 325
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What If You Invested at the Peak Right Before the 2008 Crisis?

A Wealth of Common Sense

1 Here are the new highs by year since 2015: 2015: 10 2016: 1. By my count there have already been a baker’s dozen in 2024 alone.1

Investing 145
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Biden Imposes Strict Climate Change Mandates on the Pentagon

Mish Talk

Large contractors would also have to publish an annual climate disclosure and develop “science-based targets” to reduce greenhouse gas emissions in alignment with the goals of the 2015 Paris agreement. That means contractors will have to aim to zero out emissions and possibly require their contractors to do so.

Nonprofit 287