Category: Federal Budget
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In Good Company
Stan Druckenmiller discussing various aspects of the financial markets, focusing on inflation, the Federal Reserve ‘s strategies, investment decisions, trading experiences, and advice for aspiring individuals in the industry. Druckenmiller expresses concerns about potential risks from premature declarations of victory over inflation and discusses the implications of his personal investment strategies, including the importance of being forward-looking…
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The Cost of an Empire
“Why does the US spend so much on its military?”, Johnny Harris discusses the US military budget surpassing that of other major military powers combined and delves into the details of military spending. Approximately half of the budget goes towards operations and maintenance, with the next largest category being people. The Pentagon also spends heavily…
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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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JPMORGAN Outlook Q2
Via their Q2 update: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets
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Outlook for the Economy
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Rates Will Come Down
Starwood Capital Group CEO Barry Sternlicht discusses his beliefs about the current state of the US economy and the Federal Reserve’s handling of the global shutdown caused by the pandemic. He notes that most asset classes, except for US office space, have seen “stable fundamentals.” He attributes the slowed performance of office spaces to a…
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This Man Saved the U.S. From Ruin
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Biden Broadband Initiative
The White House has unveiled how the government will divvy up $42bn among the US’s 50 states to expand access to high-speed broadband by 2030, as it launched a new publicity campaign for President Joe Biden’s economic policies. The $42bn in federal funding under the Broadband Equity, Access, and Deployment Program is based on a…
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Econ 101?
Senator Kennedy questions Federal Reserve Chairman Jerome Powell about inflation and capital requirements for banks. **Powell explains that we had very little inflation for 25 years** and that inflation depends on whether tax increases or spending cuts are part of a congressional budget plan. If there were no spending cuts, he believes there would be…