US Debt Exceeds GDP

It has been true for a few years now, but the US debt ($19.8T) now exceeds US GDP ($19.2T). The Continue reading →

Data That Matters July 2017

A major disaster increases poverty by about one percent, and heightens inequality. The US added 222,000 jobs, had 4.4% unemployment, Continue reading →

800K Student Loans Go Poof

Good things can happen by accident. In a situation reminiscent of the home loan crisis, some of the financial institutions Continue reading →

Data That Matters April 2017

Puerto Rico is facing bankruptcy because it is $70B in debt. Thanks to the service industry, the US gained 201,000 Continue reading →

Traders Shifting To Longer Bonds

Bonds are acting strange. When inflation was the norm and the world economies were growing, bonds would pay a few Continue reading →

Slow Growth Persists

It is a good time to understand negative interest rates because they’re likely to be with us for a while. Continue reading →

Data That Matters September 2016

The US economy added 151,000 jobs in August, 2016. Government debt as a percentage of GDP now exceeds 100%. Cities Continue reading →

UN Conference Suggests Jubilee

A debt jubilee may be coming. In the simplest form of a jubilee, all debts are erased. While that may Continue reading →