fbpx

Bloomberg Wealth: Recession Vibes Are Strong

The odds of a recession are growing.  That’s the takeaway from a new survey of economists that Bloomberg recently conducted. The probability of a downturn in the next year is now 65%, up from 60% in February.  It feels like we’ve been saying this for months, but a few...

Federal Interest Costs, 1790–2033

As federal spending continues to rise, accumulated federal debt will soon reach all-time highs relative to the size of the economy. Federal debt held by the public will hit 107 percent of gross domestic product (GDP) in 2028, surpassing the previous peak after World...