Social Security is now expected to be insolvent in 2033, necessitating a 23% cut in benefits. The Medicare hospital fund will run out the same year.
Fiscal malpractice @JDVance
https://t.co/MBl6D9uQOA
@JDVance How about fiscal malpractice? Trump’s Big Ugly Bill is going to increase annual deficits from an already staggering $2T. You are choosing not to address it until it becomes a crisis, which is the definition of malpractice.
@PrimeVideo Why do you have to make content delivery so difficult? I am a USExPat living in the UK and just paid for a season of Veep but can’t watch it. #badsoftware
I agree with @johnauthers. If this continues, which is likely for now, it’s only a matter of time until surveys of inflationary expectations flash yellow. The risk is not just undermining the economic recovery. There are also consequential socio-political dimensions. #inflation
1. Stocks: all-time highs
2. Home prices: all-time highs
3. Incomes: all-time highs
4. Job openings: all-time high
5. US Core Inflation: highest since 1991
6. Fed: we need 0% rates through at least 2023 & trillions more in bond buying to boost asset prices & increase inflation.
While traders talk about the Fed tapering its bond buying, the central bank actually boosted its asset purchases in the past week to the most in three months. The Fed's balance sheet crossed the $8 trillion mark for the first time ever.
Under Biden's new budget, total U.S. debt held by the public would rise to 117% of the size of the economy in 2031. By 2024, debt as a share of the economy would rise to its highest level in American history. https://t.co/Qay8YdLvj6
Up to $12.3 trillion in stimulus has effectively killed off the U.S. default cycle. The more pertinent question for markets perhaps isn't whether we're in a bubble, but rather what the consequences are of an era of free-flowing credit. https://t.co/eoQtlkxKZB
Silicon Valley Bank’s new State of the Markets report looks at how economic trends are shaping the global innovation sector. https://t.co/4R5nJA8Rvn https://t.co/hhteNyiLN6