I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I post links I find of interest & relevant on any given day. These links will cover a broad spectrum of items, from the market impacting/relevant to economic & political news, social and the occasional potpourri/humorous and I may add a quick thought/impression.
If you, as I am, sift through tons of news throughout the day to stay informed then you may come to find these Quick Takes as a useful resource.
There’s No Easy Fix for Our Mushrooming Debt – By 2027, the federal debt will climb to $25 trillion and will rise rapidly from there.
QT: Both political parties have now officially given up on ever balancing a budget. Deficits will keep rising and it’s pre-programmed into the structure.
Here’s a hint:
Social Security Administration Spending Tops $1 Trillion for First Time
EUR: Draghi’s magic still works
QT: Draghi stayed dovish. See my twitter feed today for comments. I’ll just add: As expected he denied “taper” but used “downsizing” By his own admission it’s all about communication to avoid “upsetting markets”. European stocks rallied as usual on a dovish central bank.
Asian Shares, Once Famed for Volatility, Have Never Been Calmer
QT: The calm remains despite yesterday’s dip. I have a chart for everyone that may signal things are changing in the not too distant future. I’ll post later this week.
Rising Rents Are Pushing More Tenants Past the Breaking Point
QT: I trust you see a common thread: Consumers are struggling with debt, rents, house prices, credit card payments. All this before a down turn.
How will we solve any of these math problems? Perhaps humans can’t figure them out, but good news, there may be a smarter alternative just around the corner:
Billionaire CEO of SoftBank: Robots will have an IQ of 10,000 in 30 years
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