Interesting observations:

The Securities and Exchange Commission said Friday it is reviewing the recent volatility in GameStop and other stocks. Good. Not nearly enough is known about the perverse incentives and feedback loops driving these market movements. For example, who is in this “crowd”?....In the GameStop run-up, have there been crowd instigators on Reddit with undisclosed ties to institutions that have a financial stake in the outcome? The SEC might like to know.
And what role has been played by hedge funds standing to profit from the dizzying price increase?...BlackRock, owning 9 million shares of GameStop — likely made more than $1 billion on the madness.

Link: destabilizing collision between social media and the real world

I was particularly impressed by the financial instinct and discipline of Jaydyn’s mother, Nina Carr. Maybe there's some hope after all.

update:
https://www.sec.gov/Archives/edgar/data/915802/000139834421001868/fp0061770_497.htm
497 1 fp0061770_497.htm
FINANCIAL INVESTORS TRUST
Emerald Small Cap Value Fund
(the “Fund”)
Supplement dated January 29, 2021
to the Fund’s
Prospectus and Statement of Additional Information
dated August 31, 2020, as supplemented
As previously disclosed, on December 8, 2020, the Board of Trustees (the “Board”) of Financial Investors Trust (the “Trust”), based upon the recommendation of Emerald Mutual Fund Advisers Trust (the “Adviser”), the investment adviser to the Fund, a series of the Trust, determined to close and liquidate the Fund on or about January 11, 2021. The date for such liquidation is now expected to be on or about February 12, 2021 (the “Liquidation Date”).
If the Fund has not received your redemption request or other instruction prior to the close of business on the Liquidation Date, your shares will be redeemed, and you will receive proceeds representing your proportionate interest in the net assets of the Fund as of the Liquidation Date, subject to any required withholdings. As is the case with any redemption of fund shares, these liquidation proceeds will generally be subject to federal and, as applicable, state and local income taxes if the redeemed shares are held in a taxable account and the liquidation proceeds exceed your adjusted basis in the shares redeemed. If the redeemed shares are held in a qualified retirement account such as an IRA, the liquidation proceeds may not be subject to current income taxation under certain conditions. You should consult with your tax adviser for further information regarding the federal, state and/or local income tax consequences of this liquidation that are relevant to your specific situation.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

I rarely have to call financial institutions or service providers that I have a relationship with.
Whenever I do, I almost always receive the dreaded "Your call is very important to us..." recording.
I'm with Crash - hire some more folks!

https://www.sec.gov/Archives/edgar/data/1217286/000119312521020134/d53492d497.htm
497 1 d53492d497.htm JPMORGAN TRUST I
J.P. MORGAN INTERNATIONAL EQUITY FUNDS
(JFTAX)
JPMorgan International Advantage Fund
(the “Fund”)
(All Share Classes)
(a series of JPMorgan Trust I)
Supplement dated January 28, 2021
to the Summary Prospectuses, Prospectuses and Statement of Additional Information
dated March 1, 2020, as supplemented
NOTICE OF LIQUIDATION OF THE JPMORGAN INTERNATIONAL ADVANTAGE FUND. The Board of Trustees (the “Board”) of JPMorgan Trust I has approved the liquidation and dissolution of the Fund on or about February 26, 2021 (the “Liquidation Date”). Effective immediately, the Fund may depart from its stated investment objective and strategies as it increases its cash holdings in preparation for its liquidation. On the Liquidation Date (for settlement the date after the Liquidation Date), the Fund shall distribute pro rata to its shareholders of record all of the assets of the Fund in complete cancellation and redemption of all of the outstanding shares of beneficial interest, except for any proceeds from any securities that cannot be liquidated on the Liquidation Date, cash, bank deposits or cash equivalents in an estimated amount necessary to (i) discharge any unpaid liabilities and obligations of the Fund on the Fund’s books on the Liquidation Date, including, but not limited to, income dividends and capital gains distributions, if any, payable through the Liquidation Date, and (ii) pay such contingent liabilities as the officers of the Fund deem appropriate subject to ratification by the Board. Income dividends and capital gain distributions, if any, may be paid on or prior to the Liquidation Date. If you have a Fund direct IRA account, your shares will be exchanged for Morgan Shares of the JPMorgan U.S. Government Money Market Fund unless you provide alternative direction prior to the Liquidation Date. For all other IRA accounts, the proceeds will be invested based upon guidelines of the applicable Plan administrator.
Upon liquidation, shareholders may purchase any class of another J.P. Morgan Fund for which they are eligible with the proceeds of the liquidating distribution. At the time of the purchase you must inform your Financial Intermediary or the J.P. Morgan Funds that the proceeds are from the Fund.
PURCHASES OF FUND SHARES FROM NEW SHAREHOLDERS WILL NO LONGER BE ACCEPTED ON OR AFTER FEBRUARY 1, 2021.
PURCHASES OF ADDITIONAL SHARES FROM EXISTING SHAREHOLDERS WILL NO LONGER BE ACCEPTED ON OR AFTER FEBRUARY 24, 2021.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE SUMMARY
PROSPECTUSES, PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
FOR FUTURE REFERENCE
SUP-IA-LIQ

@BenWP
I don't believe ARTTX and VLSAX have similar strat's. I like ARTTX as it is a "risk-aware, not specifically L/S" fund and the way I understand it is there is an associate on board whose role in managing the portfolio is focused on risk management thru use of options or other, etc. The fund is run using a very process oriented approach and has out performed the SP500 by a substantial margin since inception. I like his pedigree from where he used to work at a couple hedge funds, likely learned quite a bit and took away "best practices" experience.
VLSAX, run by KAR investments out of LA focuses long high quality, high ROIC, history of resilient earnings growth, minimal debt stock, short, low quality, high leverage, poor cash flow, declining financial metrics stocks
per July 2020 Value Investor (apologies to you and the board as I can't seem to get the linking thing down, argh, I kept looking for a post on how to do that from the past, can't find it). Another good article about ARTTX if you Google, morningstar, an up and comer from top notch fund group, July 2019
Lineage
While each successive manager typically customizes along the way, it’s not
uncommon in the investment business
for strategies to be passed from generation to generation. Christopher Smith of
Artisan Partners provides a representative case in point. The founding portfolio manager of the firm’s Focus Fund –
which was launched in 2017 and now
manages $1.3 billion in assets – Smith
takes an “industry-first” approach to
identifying attractive equity opportunities, looking initially for industries with
what he believes are accelerating profit
cycles and then for the companies that
are priced right and best positioned to
profit from them. He learned the basics
of the approach from Karsch Capital's
Michael Karsch [VII, March 31, 2010],
who learned it from Duquense Capital’s
Stanley Druckenmiller.
With three years under his belt at Artisan, Smith's rendition of a thematic
approach since its April 2017 launch
has earned a net annualized 23.8%, vs.
10.9% for the S&P 500
Good Luck to All,
Baseball Fan

Better off going to cash than investing with Hussman.

This is very good financial advice!
"Obviously, Hussman turned into a 'perma-bear,' calling for disaster constantly (and wrongly). Hussman still insists that he will be vindicated, and criticizes those who would 'declare victory at halftime.' He criticized 'declaring victory at halftime' previously six full years ago (that’s one long halftime). Hussman wants us to believe that he’s not wrong, merely right but early. However, if you keep making the same wrong call over and over, you don’t get any credit for it when you’re (eventually) right."
"Through 2019, Hussman’s Strategic Growth fund has suffered a 10-year average annual 'return' of -7.54 percent, compared to a 13.24 percent average annual gain by its benchmark, the S&P 500. Despite exceptional early returns, the fund not only badly trails the S&P since inception, it is now a money loser since inception. Notwithstanding this terrible performance, Hussman keeps charging investors 1.25 percent annually to lose their money."
Link

Have I traveled in time back to the 1980s? Where's the DeLorean?
American Century introduced its A shares mostly in the late 90s, and at least one, ALPAX, after 1999, but I get your point.
What a surprise...three of the better Royce funds. Legg Mason, a true fiduciary
Franklin Templeton. LM is just a subsidiary now, albeit semi-autonomous.
I thought it was strange that Royce would start to offer "A" share class
See above. Franklin Templeton is coordinating breakpoints across multiple brands of its funds: "Certain financial intermediaries may allow you to combine multiple purchases of shares of certain Royce, Franklin Templeton, and Legg Mason funds to take advantage of the breakpoints in the sales charge schedule for A Class shares."
Yeah I'm going to run right out and buy a 5.25% loaded fund in 2021. LOL
Actually, if you want any of these funds, you may very well run out and buy the A shares, though load-waived. "Shareholders purchasing A Class shares through certain financial intermediaries or in certain types of accounts may be eligible for a waiver of the sales charge"
That's what's key here. Often what happens (see Lewis' 1980s funds) is that the retail class is restricted (closed, or made into an institutional class, or ...), and one winds up purchasing A shares, load waived, with their added 12b-1 fee.
Even now, if one wants to buy PENNX at Fidelity or at Schwab, one will pay a transaction fee. You can buy RYPFX (service class shares) with its 12b-1 fee, same ER as the new A shares, NTF.

Ya, I guess with Dr Hussman the old saying, I'd rather be rich than right comes to mind. Have to state, if you read his commentary, directionally it makes a lot of rational sense...kind of the opposite of GME, Gamestop, ARK moonshot investing, etc.
Candidly, I always found it interesting that those who did NOT sell in 08'-09' and just held were considered "smart investors". As I recall at the time, the market could have easily lost another 50% at the lows, no one knew that the Bernake and the Fed were going to implement QE. Back then saw many "wise" investors come back to work after they retired as they "buy and hold'ed" and got sawed in half, 401k to 201k, home values plummeted, dangerous, frightening times...remember talk one weekend of the entire financial system locking up...thank goodness Paulsen saved us (sarc or did he really?)
I'm more interested in HSAFX than the older growth fund HSGFX...the former being more of an allocation fund. That being said I can't seem to purchase HSAFX thru Schwab. I think it's going to take combo of technical, trend and valuation investing skill sets and sure, pure luck to make sustainable money in the markets this year.
Best,
Baseball Fan

I had a financial adviser tell me once that holding gold bars in one's house made no sense as what's to stop someone from coming to the goldbug's house and beating that person to death with their own bars? Banks exist so one doesn't have to deal with those security issues. I guess rubies are easier to conceal. But there is a technological problem in 2021: https://scmp.com/magazines/style/luxury/article/3043892/will-cartier-and-other-luxury-brands-start-using-more-lab Would someone just accept rubies, even fake ones, without being an expert in 2021? Maybe the thing to do is buy fake rubies and pass them off as real when trying to escape.
Still, if you know the history of fascism--which the riot on capitol hill was all about--seeking to overturn a democratic election via pure violence--as opposed to democratic socialism--nowhere even close to that in the U.S.--diamonds and gold sometimes helped people escape and sometimes they didn't. Biden is no socialist. Taxes will go up almost certainly, but given the debt trajectory Trump had the country on previously, taxes were bound to go up anyway. But having any taxation, contrary to popular belief, is not socialism.
As for Hussman, he's a smart guy who's been wrong. He's bound to be right eventually as davfor points out. But in investing if a manager's timing is way off on a macro prediction, he is wrong. One thing I never quite understood regarding HSGFX is it was supposed to use both valuation and technical momentum driven signals to go long or hedge the market exposure. Despite the high valuations we've seen, I would've expected some of the fund to be long--or 50% long-- given the momentum we've also seen. Perhaps the reason it was often fully hedged--and I may be answering my own question here--is that while the market was always rallying, it was a narrow rally of a few giant stocks driving the market's returns. So perhaps Hussman felt that there wasn't enough breadth in the rallies to go partially long.

Here is a email that I received from T Rowe Price:
Important: T. Rowe Price Blue Chip Growth Fund and T. Rowe Price Blue Chip Growth ETF Portfolio Management Updates
We are writing to inform you that Larry Puglia portfolio manager of the US Large-Cap Core Growth Equity Strategy, including the T. Rowe Price Blue Chip Growth Fund, T. Rowe Price Blue Chip Growth Portfolio, and T. Rowe Price Blue Chip Growth ETF, intends to retire from portfolio management at the end of 2021. Effective October 1, 2021, Paul Greene, currently the associate portfolio manager of the US Large-Cap Core Growth Equity Strategy, will succeed Larry.
For the past 30 years, Larry has worked in the U.S. Equity Division at T. Rowe Price. He began his career as an analyst covering the financial services sector. He also ran the Financial Services Equity Strategy before incepting the US Large-Cap Core Growth Equity Strategy in 1993.
We are pleased that Paul has accepted this new role. This is a natural next step for Paul, who has 14 years of investment experience, all with T. Rowe Price. He has worked closely with Larry for years, and he is very familiar with the strategy’s investment approach and all of the holdings and sectors in the T. Rowe Price Blue Chip Growth Fund, T. Rowe Price Blue Chip Growth Portfolio, and T. Rowe Price Blue Chip Growth ETF. He has also been a member of the strategy’s Investment Advisory Committee since 2010.
Like Larry, Paul began his career at the firm as an analyst. Paul also took on portfolio management responsibilities, leading the Communications and Technology Equity Strategy for nearly seven years as well as serving as sector leader of our media/telecommunications team.
Thank you for the confidence that you have placed in T. Rowe Price.
Please click here to download a prospectus for the T. Rowe Price Blue Chip Growth Fund and T. Rowe Price Blue Chip Growth ETF.
All funds are subject to market risk, including the potential loss of principal.
This communication does not undertake to give investment advice in a fiduciary capacity. T. Rowe Price Associates, Inc., and/or its affiliates receive revenue from T. Rowe Price investment products and services.
T. Rowe Price Investment Services, Inc.
From Morningstar:
https://www.morningstar.com/articles/1019030/t-rowe-price-blue-chip-growths-manager-to-retire

Good Morning Class,
I'm thinking when we look back at the "markets" (casino?) at the end of the year, we're going to realize that in late January we were facing a very binary outcome...either the majority of us get the jab in the arm (key could be JNJ vaccine (?), there is a antidote by Merck or with the new admin, taxes go up, regulations go up, socialistic spending ramps up and markets (casino?) craters....look at the nonsense with GME Gamestop...you wanna put your life savings into this sheet show?
so...
1) Is it time for Hussman, HSGFX or HSAFX...go ahead and call me crazee but don't call me Shirley but I'm going to step into the Huss with a noticeable investment today.
2) Is it time for high grade rubies? I recall a passionate discussion during the "Financial Crisis" (housing bubble scam) with my CFO and others by the water cooler how you could shove a million dollars of high grade rubies in your sock and no one would know they were there...shared stories from my Grandma how her wealth was confiscated by the democratic socialists under Tito...she was lucky to escape with her life as they usually popped the wealthy
I recall The Gundlach stated he "likes real assets that he can put in the trunk of his car" (paraphrasing)
3) On the other half, I'm thinking the markets might be up 30-40% if the vaccines take effect, we don't have the nutty tweeties anymore and things calm down, economy and jobs pick up etc..so slowly adding to ARTTX on down days
4) I'd rather myself play the "bro-investor" approach by buying stocks like Penn Gaming than Bitcoin...
Like I said, binary, place your bets? Of course, posting for entertainment purposes only, I have no idea what will happen this year, etc.
Best and good health to all,
Baseball Fan

Can't really answer that question without more information regarding investment goals and financial situation. Is this money for retirement or to pay for college for instance? If it's for the former it should be invested aggressively, the latter conservatively as the child is 18 and will need the money right away. Is this 18 year old on his/her own and this is all the money he/she has or is it play money his/her parents can give him? The former should be conservative despite his/her age, the latter aggressive. Does this child have any debts he/she should pay off first? Just because someone is young is not a strong indication of how money is to be invested.

It's not always easy to gauge a fund's style from its sectors, or its countries for that matter. For example, while companies in the financial sector tend to be value investments, that doesn't make something like Robinhood's anticipated IPO a value play.
In any case, according to the FSEAX's latest monthly fact sheet (Dec 31), just 9.19% of the portfolio is in financials, down from 11.07% at the end of November. In comparison, technology accounts for about 1/3 of the fund.
Zhao says that he has "reduced some positions ... that have done well and added to those that are more exposed to the value side [i.e. those that have not done well]. ... it only makes sense to take some profits off the table and begin to plan what might come next."
That sounds more like rebalancing than a change it target weighting. The interview is dated Oct 31. M*'s factor analysis based on the fund's Nov 30th portfolio shows the fund to be more toward the growth side of the value/growth spectrum than in any time over the past five years, and also more growth focused than the category average.
Regarding countries: FSEAX counts the 12% of its portfolio in Korea as EM. Most index providers consider Korea a developed country. MSCI is the laggard, still calling Korea an EM country - because the won isn't traded 24 hours/day, not because its gross national income is too low or its stock market too small (they're not).
Some investors posit that separate international funds are not needed because so many domestic countries derive much of their revenue globally. By that reasoning, what are we to say about TSMC (6% of the fund)? Is it really an EM company? Based in Taiwan, it gets 60% of its revenue from the US.
None of this is meant to suggest that FSEAX isn't good at what it does. Rather it's to suggest taking a closer look at this, or any fund, to understand what it's really doing.

Front Row , Bloomberg, Jeremy Grantham interview video, about 28 minutes

Much of what Grantham says appeals to my old fashioned mind. BUT. The Fed at this point appears to be fully committed to managing the economy. It clearly accepts the inefficiencies that result from the "artificially low interest rates" (per Grantham) it engineers. If the stock market bubble does burst, it will not surprise me if the Fed and Treasury figure out a way justify purchasing stocks. Managing the stock market could be deemed necessary to stabilize the financial system and the economy as well as to minimize hardship among vulnerable labor force participants and those still seeking employment.
https://thestreet.com/opinion/federal-reserve-buy-stocks

There is also a (partially transparent) TRPrice ETF that is equivalent (more or less) to PRDGX (mentioned by Crash, above). The ETF symbol is TDVG. Link below.
https://www.troweprice.com/financial-intermediary/us/en/investments/etfs/dividend-growth-etf.html

The high turnover appears to be more for making profit than protecting against loss. For example:

A funds turnover ratio can vary and rise due to a plethora of causes. Pastor, Stambaugh, and Taylor (2016) suggest that turnover ratios are higher when the market environment falls within certain parameters. Their findings suggest that turnover ratios are higher in an environment where investor sentiment is high, stock volatility is high, and stock market liquidity is low. These market characteristics allow for more profitable opportunities for fund managers, as well as an increase in flows in to the funds as investor sentiment rises. These parameters are similar to that of the recovery period following the time period one which is the time period analyzed in the research by Li, Klein, and Zhao (2012) who find that the highest turnover ratios are found during the time following a financial crisis. Following a time when markets are severely down it is not unexpected that many old positions would be sold off in order to replace them with new more promising positions that arise as the market begins to see positive returns again.

https://scholarsarchive.library.albany.edu/cgi/viewcontent.cgi?article=1013&context=honorscollege_finance
SEC yield is based on the idea of constant yield to maturity. Think about a yield curve where 2 year bonds pay 2% to maturity and one year bonds pay 1%. If you buy a two year bond with 2% YTM, you're getting a total of 4% interest. After a year, the market says that it will pay 1% interest.
The price adjusts accordingly though effectively you're getting 3% for that first year and 1% for the second year. If a fund continually buys two year bonds and sells them off after a year, it achieves a 3% yield. That comes at a cost. The average maturity of that fund is 1.5 years (bonds are all between one and two years from maturity). If the fund held the bonds to maturity, the fund's average maturity would be one year. Shorter maturity and less risk.
Here's a brief paper explaining this phenomenon:
https://www.northerntrust.com/documents/commentary/investment-commentary/maturity-bond-funds-vs-individual-bonds.pdf

The thing I really don’t like about brokers and most financial institutions as far as I can tell is the agreement they make you sign to use arbitration instead of the courts if there are any problems. I could imagine in a hacking or theft situation that could be really problematic because arbitration in the U.S. generally sucks for consumers.

I'll first reiterate that if there's a specific fund that you want, there's a good chance that Firstrade has it with no brokerage-charged commission and that it may have a lower min than one would find elsewhere.
That said, there are a lot of other statements that seem to be misunderstandings or misleading; or I don't understand.
Every MF on the platform is NTF.
If NTF means "no commission", that's true. But if it means no fee including no load, that doesn't appear to be the case. (Note that load funds are generally commission-free everywhere even though you may still have to pay the load.)
Consider Praxis Genesis Growth Fund. It has only one share class, MGAFX. When I log in to Firstrade, go to the customer fund screener, check Fund Family (Praxis), and check Load Type (Load), this fund along with a few others shows up. (It does not show up if I select no load instead of load to screen.)
FWIW, it appears to be NTF (really NTF, i.e. load-waived) at TD Ameritrade.
Firstrade does sell this fund: I go to my mutual fund trading page (from the "Trading" drop down, select "Mutual Funds") and enter MGAFX. It says that at Firstrade the fund has a $1K min and three day settlement. Since I closed my account years ago I can't actually test a trade.
The site is quirky in that the M* info page shows the normal 50,000 minimum [for VWIAX] but on the buy ticket the minimums change to $500
Same as for me, so that's evidence that I'm looking at the same page when looking up VWIAX or MGAFX. Note that if one enters VWELX or VWENX one sees that Wellington is not open to new investors at Firstrade. But if you could open VWENX at Firstrade, you'd only need $500.
Old joke: Customer - the guy down the street is selling the same thing at half the price
Shopkeeper - why don't you go down the street and buy it there?
Customer - he doesn't have any left
after becoming a customer and opening an account (no minimum) that number became 11,090 no load NTF funds when you are signed into the site and click on the no load fund list and they are all listed as such.
Yet the customer screener shows "just" 9,903 no load share classes. In addition, it shows 6,316 load share classes. To borrow from Graeme Edge of the Moody Blues: which is right and which is an illusion?. Buffalo Springfield also comes to mind.
I re-balance twice yearly. Also I prefer to reapportion monthly dividends/gains to positions of my own choice based on the economy, my current financial and tax situation or cash needs. Typically I would do about 40 buys/sells a year. At Fidelity about $800-1000/yr
At Fidelity, I can add to a TF position for $5 and sell for $0. 20 buys and 20 sells would run me $100 bucks.
I'm glad you mentioned tax situation. Fidelity has had online cost basis services - specific lot identification and changing default disposal method - down pat for decades. These days, most other brokerages make it easy as well. All I've found so far at Firstrade is: "Please contact your broker if you wish to change the default tax-relief method for your account or specify different tax lots for liquidation".
https://www.firstrade.com/content/en-us/accounts/taxcenter/?h=costbasis
Though few in number, Firstrade does have some nickel and dime fees. It charges $15 (or $50) for check printing. It doesn't appear to provide ATM rebates and charges 3% for foreign transactions after the first one each month. (BTW, Fidelity's debit card is provided by PNC bank, not UMB.)
Lewis asked about security against hacking. A question worth thinking about considering that I was able to log in years after closing my account by just looking up my old login/passwd/pin in my home files. The system didn't suggest that I might want to change my password (no password aging).
It doesn't seem to offer two factor authentication, though it claims that a PIN constitutes "an additional factor". It does not.

there are three generally recognized factors for authentication: something you know (such as a password), something you have (such as a hardware token or cell phone), and something you are (such as your fingerprint). Two-factor means the system is using two of these options."

https://www.pcmag.com/how-to/two-factor-authentication-who-has-it-and-how-to-set-it-up
As near as I can tell, Firstrade doesn't provide secure email.
https://www.firstrade.com/content/en-us/customerservice/contactus
(The internal contact page has a different URL but the same info.)
Firstrade does meet legal requirements on security but doesn't seem to go beyond that.

We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your personal information. We protect your account information by placing it on the secure portion of our website and use industrial strength firewalls and encryption technology to protect personal information on our computer systems.

https://www.firstrade.com/content/en-us/customerservice/onlinesecurity/onlineprotectionguarantee
Note that SIPC insurance (or excess insurance) only kicks in when a brokerage is in financial trouble or filing bankruptcy. It doesn't cover run of the mill hacking or identity theft.
Firstrade, as with other brokerages (e.g. Fidelity), guarantees to cover your direct losses. This guarantee "does not include any tax consequences, legal fees and expenses, or any consequential, lost opportunity, special, indirect, incidental, punitive, exemplary or non-monetary damages."

The amount of federal debt held by the public totals more than $21 trillion, magnitudes above the $5.3 trillion debt carried by the country in the fourth quarter of 2008. Almost $4 trillion was added to the debt following the Trump administration’s efforts on the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
But the former Fed chair commented that because of near-zero short-term interest rates, the total interest burden as a share of GDP is lower now than it was before the financial crisis in 2008.
It looks t me , a fine line to walk .
https://finance.yahoo.com/news/treasury-nominee-janet-yellen-outlines-priorities-under-biden-administration-185327249.html
Stay Safe, Derf