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Government Spending Is Out of Control! LOL

The Big Picture

Let’s delve into a case in point of Coase’s theorem: If you wanted to peddle the narrative that government spending is out of control, you might present a chart like the one above, which is an exact replica of a chart that appeared recently in a piece of research from a major Wall St. investment firm. How can this be?

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MBA: Mortgage Applications Increase in Latest MBA Weekly Survey

Calculated Risk

Mortgage rates declined last week on souring consumer sentiment regarding the economy and increasing uncertainty over the impact of new tariffs levied on imported goods into the U.S. The move in government refinances was driven by a 75 percent increase in VA loans, which have been prone to large changes in recent months.

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10 Sunday Reads

The Big Picture

But the more likely outcome, if present trends continue, is a party system so fractured that forming a coherent and stable government becomes nearly impossible. From out of the resulting chaos, it could become impossible to prevent one of the radical anti-system parties, including the AfD, from joining a governing coalition.

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Friday links: changing the game

Abnormal Returns

(sixcolors.com) Contracts When the government pulls money from an account without authority. government is breaking legal contracts. wired.com) Economy Industrial production rose in January. axios.com) It's hard to plan when the U.S. nytimes.com) DOGE DOGE's website is less than secure.

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Question #1 for 2023: How much will the economy grow in 2023? Will there be a recession in 2023?

Calculated Risk

1) Economic growth: Economic growth was probably close to 1% in 2022 as the economy slowed following the economic rebound in 2021. How much will the economy grow in 2023? In addition, the Congress is threatening to shut down the government in October and - more worrisome - default on the US debt. Or will the economy lose jobs?

Economy 278
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#FASuccess Ep 419: Attracting Clients Who Want To Align Their Investments With Their Values With A Sustainable Investing Approach, With Peter Krull

Nerd's Eye View

In this episode, we talk in-depth about how Pete frames the differences between socially responsible investing (which is focused on excluding certain industries or companies from portfolios), ESG investing (which measures the risk to companies from environmental, social, and governance factors), and Pete's sustainable investing approach (which he views (..)

Investing 240
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MiB: Philipp Carlsson-Szlezak, Global Chief Economist for BCG

The Big Picture

Prior to this role at BCG, Philipp advised financial institutions and governments at the Organization for Economic Co-operation and Development (OECD) as well as McKinsey & Company. This week, I speak with Philipp Carlsson , Global Chief Economist for Boston Consulting Group. He was also Chief Economist at Stanford C.

Economics 162