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Sunday links: money skepticism

Abnormal Returns

on.spdji.com) It's hard to make the math on hedge funds add up. nytimes.com) Budgeting When you do the math, it's hard to find trillions to save in the federal budget. econbrowser.com) The Department of Veteran Affairs now makes up 5% of the federal budget. prospect.org) The math on mass deportation doesn't add up.

Math 173
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Government Spending Is Out of Control! LOL

The Big Picture

The text accompanying that chart reads: “ Consumption: in 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another unwelcome peacetime record.”

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15 Recession-Proof Businesses That Thrive in Any Economy

Clever Girl Finance

These are businesses that meet everyday needs, provide essential services, or deliver comfort and value when people are tightening their budgets. While it can be difficult for parents to pay for things like daycare costs when budgets get tight , it’s still a necessity for many families, especially when both parents work.

Economy 68
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Wednesday links: institutional forgetting

Abnormal Returns

nytimes.com) Some additional tariff math. paulkrugman.substack.com) What happens to the budget (and yields) if we have a recession? axios.com) The proposed budget does little to address entitlement spending. Markets High yield bonds have bounced back. morningstar.com) Short interest is ticking higher.

Math 194
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Planning for Retirement Means Planning for Healthcare Too

WiserAdvisor

Over time, that gap compounds, and so does the risk to your budget. And if you don’t have a supplemental plan, they could derail your budget quickly. In some places, even subsidized plans stretch the budget uncomfortably thin. So, before you mark your last day at work, make sure you’ve done the math on this piece.

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Start Planning Your Retirement Early to Save Enough and Plan Better

WiserAdvisor

Unless you’ve planned a dedicated healthcare bridge (or have access to employer-sponsored retiree coverage), this cost can derail even the most detailed budget. Outliving your savings Here’s the math: the earlier you retire, the longer your savings have to last. Retiring at 55? Kevin, 55, chose a different path. The difference?

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Transcript: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

You were the Chief Economist for the US Senate Budget Committee during, was that during the Obama administration? So wait, so you are the Chief economist for the Democrat US Senate Budget Committee, who is the chief economist for the Republicans Stephanie Kelton : Bill something? ’cause I was just teaching economics at UMKC.

Economy 144