- This topic has 6 replies, 6 voices, and was last updated 4 years, 2 months ago by
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don’t give up yet
“I remember that one fateful day when Coach took me aside. I knew what was coming. "You don't have to tell me," I said. "I'm off the team, aren't I?" "Well," said Coach, "you never were really ON the team. You made that uniform you're wearing out of rags and towels, and your helmet is a toy space helmet. You show up at practice and then either steal the ball and make us chase you to get it back, or you try to tackle people at inappropriate times." It was all true what he was saying. And yet, I
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[quote quote=5720]I think the CEB is dead. What a run it was.[/quote]
Well Legend this is your first post 3 years 7 months ago. Before the lights go out can you update your thoughts? The debt clock is not stunning anymore. Metastasizing comes to mind.
“The US Debt Clock is something to behold.
“When you factor in the unfunded liabilities, we are inching toward $1MM in liabilities per taxpayer. That is just stunning.”
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We lost the thread on debt when the “modern monetary theorists” took over. Que the inflation.
I think it’s a long term disaster, but what is “long term” anymore? at a 7% inflation rate and 2% interest rate on the 10 yr t-bond, we pay back 60% of the value we borrow (discounting the principal at the net 5% rate per year). What? Me worry?
The real question is what geniuses are out there actually lending money to the U.S. at such a money-losing rate. The answer is “who knows?” because the fed and the treasury have mucked up any real signals for risk pricing.
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Sic transit gloria mundi (so shut up and get back to work)
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[quote quote=5730]I haven’t given up on the CEB, but I am overwhelmed with work and other personal issues in the last year with no end in sight so I just barely have time to read occasional updates. Once in a while I’ll try to engage. But it’s also tough being the only sane person on here 😉 kidding.[/quote]
We know you are kidding. Everyone here knows you are anything but sane. 😉
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