Executive Summary There are currently almost 43 million holders of student loans totaling $1.6 trillion (see first graph). Since the Covid relief measures as well as talk of loan forgiveness by the previous administration, many debtors were optimistic they would never have to pay. As of May [...]
Executive Summary Last Friday Moody’s joined its peers in downgrading U.S. credit one level, from Aaa to Aa1. This came after Fitch lowered their rating in 2023, and S&P took theirs down one notch in 2011. Many are speculating as to why; however, the important thing is [...]
Executive Summary On Friday the BLS stated 177,000 new jobs were created in April, beating expectations. Digging into the data, the first graph shows the declining number of respondents to the survey. Next, understand the new jobs number includes an estimate for jobs created or lost through [...]