Unfortunately, spending is up 7.6% to $2.57 trillion. The largest increase is debt service, up 13.6% from last year. This is in a low interest rate environment. The Fed is trapped in maintaining low interest rates. Danielle DiMartino: “Fed controlled rates theoretically set floor. Investors ultimately determine rate at which governments borrow. Artificially low floor drags down curve unless Fed loses control.”
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A former high school baseball player, with a successful businessman as a father and, a promising young man with a ‘bright future’ ahead of him avoided prison for the rape, strangulation, and violent assault of two teenage girls. He was facing up to 78 years in prison,...
John and I read and discuss chp 1-3 of Ordinary Men
Ukraine can look stable on a map while collapsing through its supply lines and that’s where we start. Zelensky claims his relationship with Donald Trump has “absolutely changed” after a private meeting, but we stress-test that optimism against a tougher metric: what...
