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MiB: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

Senate Budget Committee, and was senior economic adviser for Bernie Sanders 2016 and 2020 presidential campaigns. In addition to her work in academia, Stephanie has held numerous roles in the political sphere. She served as chief economist on the U.S.

Economics 200
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Collapse in Prospective Home Buyer Traffic

The Big Picture

The four largest drops occurred during distinct periods of economic distress: 1990 (recession), 2006-09 (GFC), 2020 (pandemic/recession), and today (FOMC 300 bp rate hike). The current collapse is to a measure of 25, from a November 2020 peak of 77; the pandemic saw a fall to 13 from 58, and the GFC saw a collapse from 55 to 7.

Budgeting 363
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Sussing Out Probabilities

The Big Picture

Not So Fast (April 3, 2020). Previously : Groping for a Bottom (October 14, 2022). 7th Inning Stretch (September 30, 2022). Countertrend? August 15, 2022). One-Sided Markets (September 29, 2021). End of the Secular Bull? The post Sussing Out Probabilities appeared first on The Big Picture.

Budgeting 306
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The Greatest Missed Opportunity of Our Lifetimes

The Big Picture

As the Peterson Institute noted: In June, the Congressional Budget Office (CBO) projected that annual net interest costs would total $663 billion in 2023 and almost double over the upcoming decade, soaring from $745 billion in 2024 to $1.4 Note that this is not hindsight bias , but rather discussions we had repeatedly here in the mid-2010s.

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How Amazon Become Ordinary

The Big Picture

Between my home and office, I spend an obscene percentage of my discretionary budget at Amazon. Amazon was never going to maintain a 50% market share of online retailing growth forever; I suspect 2020 accelerated the growth of its retail competitors’ online businesses substantially.

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Health-Care Spending Is Sinking the Federal Budget

Advisor Perspectives

trillion federal budget deficit in the fiscal year that ended in September was the third biggest ever in dollar terms, trailing only the pandemic deficits of the 2020 and 2021 fiscal years.

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Should you invest in Gold or Silver post the Budget?

Truemind Capital

Gold – Debasement of currency : Unabated printing of money by developed economies (more vigorously in 2020) has reduced the value of fiat currency. Gold prices plummeted by 8% after customs duty was cut in the budget. CONNECT WITH TRUEMIND ADVISOR The post Should you invest in Gold or Silver post the Budget?