For all it's faults, I still think this is the best film of all time. May rewatch it tonight, but I've been listening to ripped CDs, in 2024 ( Read more... )

I slept a bunch, catching up on it I guess. And it is raining this morning, so I'm pushing off my next run until tomorrow, and my next commute until Friday. I'll probably lift weights at some point today instead ( Read more... )

The idea that an economy, such as that of the United States, could face a "Wile E. Coyote moment" - where, like the cartoon character, it suddenly realizes it's running off a cliff - taps into a few real and concerning dynamics within financial systems. This idea, while extreme, reflects genuine anxieties about the risks of financialization, ( Read more... )

There's so much stuff in this "border compromise" bill that I find it difficult to evaluate. It appears to have zero tax increases attached, while spending over $100 billion extra, so first I'd oppose it for adding more deficit spending -- why can't we use taxes to pay for spending? Especially while the economy is growing quickly and unemployment ( Read more... )

"Government debt in the rich world is now higher, as a share of GDP, than at any time since after the Napoleonic wars."-- The Economist magazine ( Read more... )

An index fund comprised of intermediate-term US government bonds is down 20% since its peak three years ago, not counting the reduced purchasing power after inflation -- which would knock it down by another 20 ( Read more... )

So far, no investment bank has predicted that the US will probably go over the debt limit cliff, and no financial derivative indicates a greater than 50% chance of a Treasury default, but market tensions are definitely rising as we approach the X-Date. Treasury interest rates have risen, especially for short-term debt, as buyers get skittish. ( Read more... )

Increasing the debt limit will require a majority of the House, 60% of the Senate, plus the President all agreeing on what the side deal will be, in addition to how much or how long to increase the debt limit ( Read more... )

Latest big Harris poll is out, and it has some bad news for Biden and Democrats ( Read more... )

I've long been a reader of the Financial Times, I have a registered account with them, and I especially keep up with their Alphaville blog ( Read more... )