Category: National Deficit
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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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Dalio
Ray Dalio, in his talk at the All-In Summit, focuses on the rise and fall of nations and the changing world order. He highlights the importance of studying history to understand the patterns and drivers of societal shifts. Dalio identifies three significant factors that are shaping the current world order: debt and money creation, internal…
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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