Budget Like a Product. Think Like an Analyst.

Premium credits reached 87% of enrollees, down from 92% last year

Executives argued for slowing down and nobody cut a budget

Higher rates lift the ceiling banks can pay, never the floor

Central banks kept buying through every week of the selloff

Forecasters put the 2027 increase between 3.4% and 3.6%

Backlog grew $209 billion while free cash flow went negative