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Government Spending Is Out of Control! LOL

The Big Picture

Let’s delve into a case in point of Coase’s theorem: If you wanted to peddle the narrative that government spending is out of control, you might present a chart like the one above, which is an exact replica of a chart that appeared recently in a piece of research from a major Wall St. investment firm. ” [Chart 2].

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MiB: Philipp Carlsson-Szlezak, Global Chief Economist for BCG

The Big Picture

Prior to this role at BCG, Philipp advised financial institutions and governments at the Organization for Economic Co-operation and Development (OECD) as well as McKinsey & Company. This week, I speak with Philipp Carlsson , Global Chief Economist for Boston Consulting Group. He was also Chief Economist at Stanford C.

Economics 159
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Defence stocks likely to benefit as India’s defence budget set to grow 500%

Trade Brains

India’s defence sector is set for a massive expansion by 2047, with the total defence budget expected to soar to Rs. The report also mentioned that a key focus of the upcoming defence strategy is to increase the share of capital expenditure in the total budget. lakh crore. That’s nearly five times the current allocation of Rs.

Budgeting 105
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How To Budget: Budgeting Methods And Budget Categories

Clever Girl Finance

Love it or hate it, if you want to be financially successful, you need to budget your money and understand budget categories. Getting your finances in order and building wealth takes planning, and your budget can help you do just that. Determine which budgeting methods will work for you 2. Table of contents 1.

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Biden Imposes Strict Climate Change Mandates on the Pentagon

Mish Talk

The proposed rule would also apply to non-defense contractors, including pharmaceutical, shipping and tech companies, though it curiously exempts universities, nonprofit research institutions and state and local governments. It will add to inflation and bigger budgets. No, that isn't the Onion, I am quoting. Well, that's OK.

Nonprofit 287
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Debt Downgrade Drama and the Budget

Advisor Perspectives

Moody’s finally downgraded US government debt on May 16th to Aa1, its second highest rating. With the US $36 trillion (and rising) in debt, it’s not hard to see why. But Moody’s was late to the party with S&P and Fitch (the other two major ratings agencies) having done so long ago.

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The Real Reason to Worry About the Huge US Budget Deficit

Advisor Perspectives

The US government’s finances keep looking worse. The latest Congressional Budget Office projections suggest that it will need to borrow an added $400 billion this year to cover its budget deficit — and trillions more over the next decade.