Great article from War on the Rocks about America’s budget crisis and a new paradigm on the way to view it. I’m not sure I totally agree with it, but it’s important to open my mind and see the world through a different lens.
Our Debt-to-GDP ratio has skyrocketed from 6% in 2000 to 109% in 2020 and yet interest rates have gone from 4.3% to -0.1%. Robert Levinson author argues that traditional debt views aren’t relevant in the new low (or negative) interest rate environment we find ourselves in. I’m still dubious, but it’s a worthwhile read.
I pulled all finance forms from e-pubs and extracted the table using Power Query. In the future, I’ll put together videos and instruction on how to scrape websites to pull similar information. It’s an incredibly valuable skill and is relatively easy once you discover a few techniques.
If you ever find any out of date information or discover dead links, please leave a comment below with specifics and I’ll get it updated. If after clicking a link you receive a “Please wait…” message, download the file and then open it in your favorite pdf viewer. At that point, it should open normally.
