Thursday, 28 August 2014

My favourite slides from the Congressional Budget Office new presentation

I mentioned the update from the Congressional Budget Office (CBO) earlier with the inclusion of this chart:


Deficits anticipated until at least 2024...

...and the reason why? In order of importance health care, social security and (despite the low Treasury yields currently) net interest:


The rise and rise in relative importance of the net interest line is hugely important...

...and whatever happens if yields go up again?


I fear that the debt:GDP statistic is not going back below 100% for a while...

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...still, it could be worse: hello Japan

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