Today's Commentary · August 20, 2026

Aug. 20: Attorney jobs; Hedging, verification, non-QM, QC, PPE products; $40 trillion (with a t) of U.S. debt turns heads

What should we talk about today? How about “follow the money”? Costco will be offering branded Medicare plans. Meghan and Harry are moving back to the UK. The U.S. national debt passed the $40 trillion milestone for first time ever, five months after crossing $39 trillion. (Before you jump on Donald Trump, know that a) the country can issue more debt at higher rates to finance it, b) no politician seems capable of spending less, and c) Trump has never personally filed for bankruptcy, but his companies have six times). Some...