tag:blogger.com,1999:blog-6616959642391988608.post2097659346887578818..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: Federal budget outlook deterioratesScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-59812381928461878472016-11-02T03:08:05.867-07:002016-11-02T03:08:05.867-07:00A personal statement of experience can be one of t...A personal statement of experience can be one of two things. It can either be simply another way of referring to a personal statement for a college or graduate school application, a type of essay that asks the applicant to narrate why he belongs at a particular institution as a result of his goals and experiences. See more <a href="http://www.personalstatementwriters.com/samples/Anonymoushttps://www.blogger.com/profile/09391642745812486724noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10773104062335814452016-09-15T19:52:36.264-07:002016-09-15T19:52:36.264-07:00Todd: you are correct that my numbers do not inclu...Todd: you are correct that my numbers do not include the present value of unfunded mandates. For an excellent discussion of this problem and potential solutions I highly rrecommend John Cochrane's recent testimony on the subject to Congress, which you can find here:<br /><br />http://johnhcochrane.blogspot.com/2016/09/testimony-2.html#more<br /><br />A lot needs to be done, but it is not Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12416369545781943492016-09-15T17:27:11.186-07:002016-09-15T17:27:11.186-07:00Dear Scott,
Thank you again for this blog. I fin...Dear Scott,<br /><br />Thank you again for this blog. I find it very helpful. I would appreciate some further comment from you on the federal debt in total, not just the budget deficit, as a lot of unfunded mandates (social security, medicare, etc) mean that we are in far deeper dept. I don't think your numbers included those. You have noted that fear (risk aversion) is holding back the Toddhttps://www.blogger.com/profile/09427325914333815764noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-1666142150757656232016-09-14T13:35:20.878-07:002016-09-14T13:35:20.878-07:00Treasury yields started rising in July and surged ...Treasury yields started rising in July and surged in September. The 10-year yield went from around 1.3% to 1.7%. These are the Treasuries Gary Shilling says will go to 1.0%. He's been right for decades so I don't yet see any reason to doubt him. That being the case, I ought to load up on Treasuries, but I'm just not that confident. <br /><br />The yield curve is steeper now too than mmanagedaccountshttps://www.blogger.com/profile/08188469703346980431noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27928485682164924522016-09-14T12:27:32.674-07:002016-09-14T12:27:32.674-07:00Scott,
Latest selloff in equities is probably cau...Scott,<br /><br />Latest selloff in equities is probably caused by a rise in bond yields.<br />Do you think something serious is going on on the bonds market(i.e. are we for instance on the verge of a sharp rise of 10 or 30 y's bonds yields?)<br />ThanksAdamhttps://www.blogger.com/profile/00325788638301535314noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40007815251832539172016-09-14T06:09:21.752-07:002016-09-14T06:09:21.752-07:00OT, but hey let's brighten the mood:
"U...OT, but hey let's brighten the mood: <br /><br />"Uber Debuts Self-Driving Cars in Pittsburgh<br />Fortune - 2 hours ago <br />Uber plans ultimately to replace many of its drivers with autonomous vehicles. When Pittsburgh wakes up on Wednesday morning, some residents will have the choice of going about their day in an Uber that drives itself."<br /><br />--30--<br /><br />I can Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81846744425631413852016-09-13T22:44:44.217-07:002016-09-13T22:44:44.217-07:00As the recommended readings below explain, that is...As the recommended readings below explain, that is part of the attraction of Trump<br />Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67844437519956325532016-09-13T22:30:13.044-07:002016-09-13T22:30:13.044-07:00Who has owned congress while this deficit has been...Who has owned congress while this deficit has been growing? I don't understand the Republicans. It seems every time they're in control we get the exact opposite of what we expect. mmanagedaccountshttps://www.blogger.com/profile/08188469703346980431noreply@blogger.com