Well done. I know a few people who will appreciate this for sure. Yours is the only blog I recommend to people on a regular basis.
Until last week, I didn’t know anyone personally who got rekt on Luna. I ran into a guy who I had told about your substack back in December or January and he lost a good chunk of change. Naturally I felt bad for him but if he had actually read your substack he would’ve avoided the loss. The interaction served as a reminder to me to avoid investing in projects I don’t fully understand, or aren’t able to understand relatively easily.
The hardest (and also easiest) part about crypto is just surviving. If you can make it 2 years in the space without burning out you're an OG. It's both simple and incredibly hard. At some point I'm going to finish my $FTM review which is mainly focused on exactly this topic. So far have deleted nearly 20,000 words and am on my 4th re-write. It's an important topic, just hard to fully capture it.
Appreciate all the time and effort that you put into your posts to help educate people. I am self admittedly not well versed in financial topics, but am trying to learn
Is there a way to see charts of the maturity dates and how much interest is owed in a quick, easy to read format?
I'm curious to see if we can see when the tidal wave of interest will come due once these more recent debts with much higher rates than we have seen in the prior decade reach their maturity.
Schedule of Federal Debt - can be helpful to see how much interest payments are owed at any given point.
Monthly Treasury Statement - can see rough monthly income vs outlays, you'll note that interest on the debt is already the 4th largest expenditure.
Debt Position and Activity Report - Can see the average interest rate of all outstanding debt by month as well as net issuance of new debt vs net redemptions. It's also good for tracking the debt ceiling and how far away we are at any given time.
You can also poke through the other reports on the site to get a good picture of how (un)healthy our sovereign debt situation is at any given time. All of the reports are free from treasury direct, but there are quite a few websites that will charge you money just to see charts they made from this data which is free. Those sites might make it a bit more convenient, but I don't think they're worth the money IMO.
Thank you for this concise and easy to understand explanation!
Set out trying to stay under 1,000 words (very difficult for me), and just barely crossed that line.
Hoping this is a good high level explanation for people that don't quite get whats so important about whats going on.
Well done. I know a few people who will appreciate this for sure. Yours is the only blog I recommend to people on a regular basis.
Until last week, I didn’t know anyone personally who got rekt on Luna. I ran into a guy who I had told about your substack back in December or January and he lost a good chunk of change. Naturally I felt bad for him but if he had actually read your substack he would’ve avoided the loss. The interaction served as a reminder to me to avoid investing in projects I don’t fully understand, or aren’t able to understand relatively easily.
The hardest (and also easiest) part about crypto is just surviving. If you can make it 2 years in the space without burning out you're an OG. It's both simple and incredibly hard. At some point I'm going to finish my $FTM review which is mainly focused on exactly this topic. So far have deleted nearly 20,000 words and am on my 4th re-write. It's an important topic, just hard to fully capture it.
Appreciate all the time and effort that you put into your posts to help educate people. I am self admittedly not well versed in financial topics, but am trying to learn
Is there a way to see charts of the maturity dates and how much interest is owed in a quick, easy to read format?
I'm curious to see if we can see when the tidal wave of interest will come due once these more recent debts with much higher rates than we have seen in the prior decade reach their maturity.
Not quick, and easy to read. It's the government after all.
Your best bet is the treasury direct public reports page.
https://www.treasurydirect.gov/govt/reports/pd/pd.htm
Schedule of Federal Debt - can be helpful to see how much interest payments are owed at any given point.
Monthly Treasury Statement - can see rough monthly income vs outlays, you'll note that interest on the debt is already the 4th largest expenditure.
Debt Position and Activity Report - Can see the average interest rate of all outstanding debt by month as well as net issuance of new debt vs net redemptions. It's also good for tracking the debt ceiling and how far away we are at any given time.
You can also poke through the other reports on the site to get a good picture of how (un)healthy our sovereign debt situation is at any given time. All of the reports are free from treasury direct, but there are quite a few websites that will charge you money just to see charts they made from this data which is free. Those sites might make it a bit more convenient, but I don't think they're worth the money IMO.
Thanks dude! I’ll do some research on those and see what I can find. 👊🏻
Wow, great explanation!