Category: Budget Deficit
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The Man Behind the Curtain
Howard Lutnick, close friend of Donald Trump, current Secretary of Commerce, and former CEO of Cantor Fitzgerald discusses strategic initiatives aimed at budget management, emphasizing the potential for significant federal spending cuts and improvements in efficiency, such as leveraging existing resources and addressing government fraud. Through anecdotes involving high-profile figures like Elon Musk, Lutnick presents…
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The Thiel Experience
I’m not sure if Thiel is at the same level of Bond villain as Elon or Sam Altman but this interview was entertaining at 1.5x. Peter Thiel and Joe Rogan discuss various topics including Thiel’s contemplation of leaving California and the country, the US budget deficit, the paradoxical nature of California’s economy, and the history…
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Debt or Defense….
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Gundlach’s 2024 Predictions
Jeffrey Gundlach discusses the most surprising things he observed in 2023. He was surprised by the continuation of the market’s momentum in consumer spending despite the high interest rates on credit cards. He also commented on the surprising drop in the commodity price complex, including the issue with the Mid-East oil and the slowing global…
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Deficit Spending
The U.S. government’s deficit is expected to reach $2 trillion this fiscal year, which is double last year’s deficit. Increased spending and decreased revenue, driven by higher interest rates, contribute to this significant deficit. This is concerning given the strong growth and low unemployment in the economy. Different media outlets point to factors such as…
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I Think These People Are Nuts…
Fitch downgraded USA debt from AAA. Singapore and Norway now have better credit ratings than the USA. (Fun fact: AIG had a AAA rating before failing in the most public and spectacular fashion possible, giving all their cash (and a lot of bailout cash) to Goldman Sachs Turns out picking up pennies in front of…
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Fake News 2