Forecasting the World. Washington's Blog. Creative - Fiscal FactCheck. Summary Washington's spending has recently been higher as a percentage of the nation's economic output than at any time since World War II. But by the same measure, Washington's revenues are the lowest in more than 60 years.
So does the U.S. have "a spending problem," as Republicans keep repeating in the current debate over how to reduce the nation's record deficits? Or is the problem that taxes are not high enough? Those questions frame a long-running partisan debate, and as usual we won't offer an opinion one way or the other. Some key facts we think are worth considering: Federal spending ("outlays" in budget jargon) is expected to equal 24.1 percent of the nation's gross domestic product in the current fiscal year, which ends Sept. 30. It's easy to argue one side or the other by just citing facts that support a particular view, and omitting others. Analysis A glance at this chart quickly puts our current fiscal mess in historical context. What has produced these huge budget gaps?
The Math Book: Milestones in the History of Math – Neatorama. I love math (though it's debatable whether math loves me back, I suspect not) so it's a pleasure to read Cliff Pickover's newest creation, The Math Book: From Pythagoras to the 57th Dimension, 250 Milestones in the History of Mathematics.
Don't let the title fool you - The Math Book is a thoroughly enjoyable "walk" through the history of mathematics with each milestone narrated by Pickover in a short and sweet fashion (and surprisingly, with very little equations) that even non-mathemagicians like myself can enjoy. If you've ever heard the terms Bessel functions, Transcendental numbers, and Riemann hypothesis, and want to know more, then this is the book for you. Below is an excerpt from the book (selecting which ones to show was a hard thing to do - there were just so many interesting articles!)
RulesofThumb.org - Homepage. Is the Stock Market Cheap, or Expensive? - (Click to enlarge) Here's the latest update of my preferred market valuation method using the most recent Standard & Poor's "as reported" earnings and earnings estimates and the index monthly averages of daily closes through February 2010, with the latest numbers based on the current index price around 1165. ● TTM P/E ratio = 20.6 ● P/E10 ratio = 21.5 Background A standard way to investigate market valuation is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the trailing twelve months (TTM).
The "price" part of the P/E calculation is available in real time on TV and the Internet. 4-2-10-Swing-Analog-1907-2009.gif (GIF Image, 750x562 pixels) - Scaled (92%) Credit Spread. 1.
For instance, the difference between yields on treasuries and those on single A-rated industrial bonds. A company must offer a higher return on their bonds because their credit is worse than the government's. 2. An example would be buying a Jan 50 call on ABC for $2, and writing a Jan 45 call on ABC for $5. The net amount received (credit) is $3. Can also be called "credit spread option" or "credit risk option". How Andreessen Horowitz Evaluates CEOs. “I mean damn, did you even see the testYou got D’s, motherf*$@%&, D’s!
Rosie Perez”—Kanye West No position in a company is more important than the CEO and, as a result, no job gets more scrutiny. Sadly, little of this analysis benefits CEOs as most of the discussions happen behind their backs. US Federal Budget: US Budget Breakdown for FY11 - Charts. 1863 - Gross federal debt exceeded $1 billion for first time. 1865 - Federal spending exceeded $1 billion for first time. 1914 - Federal spending exceeded $1 billion for second time.
S&P 500 PE Ratio Chart - 10 Year Average. Most Interesting Illusions. Here is a cool collection of ‘Most Interesting Illusions’ from around the world.
To say that stocks are anything other than dangerously overpriced with a P/E of over 130 and a yield of 2.5% on unsustainable dividends is either farcical or fraudulent.
For such a simple little metric, the P/E ratio is subjected to all kinds of perversions to deflate it to levels that can be passed off as reflecting value. At the very least, most bubbleheads try to make it less scary than its current level of 133 for the S&P 500. Do-it-yourself P/E and dividend analysis It is very easy to find out what the real index PE is at any given time. Dr. Housing Bubble Blog. Shadow Government Statistics » Home 2. 27 Visualizations and Infographics to Understand the Financial Crisis ...