Economist issues warning about US debt interest
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- Опубліковано 21 тра 2024
- FOX Business anchor Taylor Riggs and economist Todd Buchholz discuss the increase in U.S. debt interest payments and the takeaways from the Fed’s meeting minutes on 'Kudlow.' #foxbusiness #kudlow
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The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I think the next big thing will be A.I. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Rachel Sarah Parrish is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Rachel Sarah Parrish is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned 180k savings to turn to dust
I completely agree, which is why I think it's important to delegate decision-making responsibility to an investment coach. Underperformance is essentially unimaginable given their specialized experience and education, as well as the fact that each of their skills is focused on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable events. Working with an investment coach for over two years, I've made over $1.5 million.
That is incredible! If she's this talented and has A-list skills, I'd like to speak with her. Even when I clone transactions using a MAM account, I continue to lose 20% of the time. Where can I locate her contact information?
The adviser I'm in touch with is Carol Vivian Constable, she works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result she provides entry and exit point for the securities I focus on.
I work with CAROL VIVIAN CONSTABLE as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
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Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
Great to see you guys talking about her, she changed the game for me.
The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Mind if I ask you to recommend this particular coach you using their service?
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
How about we reduce the size of government and stop spending so much money.
100 year bonds just encourage more government spending. We need less of it, not more.
They don’t know what a bond really is 🎉
If it was paired with spending cuts it would make sense in a low interest rate environment.
who would buy a century bond? If anyone would they need to have their head examined.
Many investors and economists are concerned about the global economy due to rising debt, political instability, and the effect of COVID-19 pandemic. Experts warn that these factors could lead to an economic downturn or recession.
The recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
Mind if I ask you to recommend this particular coach you using their service?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
.I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about 246k, but guess what? I put it all back and traded again and now I'm rounding up close to 8 million.
Please it will be of benefit if you share more of your educational business lessons and ideal fact that's working recently
Thanks guys, I would like to be your friend to achieve this, I keep losing my funds while trying on my own and finding a trustworthy personnel to help out it also appears to be nearly impossible. This is extremely annoying
My advice to you all is that you shouldn’t just venture on any asset for the sake of it, I’ve come to understand that the recent dip trail is everything.
The pandemic came and taught everyone the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra-income earning chance, like investments.
Really am confused especially in the market analysis, how do people take advantage trading them??
I do not think that I would ever buy a 100 year bond issued by a government. Why not just burn my money instead?
They can multitask.
Who the hell would buy 100 year bonds at 1.5 percent? That would cause the exact same issue that we have now with short term yield inversion….
Oh I thought inversion said invasion at first
@@brianbloomfield4384 Of course you did.
Downright out & out ijits. 😊
Belivers in cloud cukoo land. 😊
The reason they’re issuing at the short end is that there are not enough buyers at the long end at current yields. Look at the large price tails of longer dated auctions recently…
Does it not make you wonder why people are making comments about other people's failure when they themselves don't know how the market works? Not sure which fund in the world who would have appetite to take on 100yrs of low yield bonds.
How much is the Debt interest??? Debt is 35 Trillion. 5 percent of 35 Trillion is 1750 Billion Dollars Debt interest. Every Year. And you are laughing.😂😂😂
*Not locking in low interest rates on borrowing can be added to FJB's list of failures.*
Trump and Obama could’ve done that too.
@@Ravi-rl8tt
*Trump did lock in low interest rates on what was borrowed during his term in office.*
@@federalistpapers4523 What about the rest of the debt that was already there? Why didn’t he refinance?
@@Ravi-rl8tt
You will find it is hard to refinance TRILLIONS of dollars in debt. As I see it it, each President is ethically and constitutionally responsible to safeguard the future of this nation economically, provide for the common defense, defend our borders, and maintain our sovereignty. Biden has failed on all of the above. FJB
@@federalistpapers4523 Lol, get rid of all the border security and national defense alongside any form of government spending. It’s all a waste. It’s your own fault for voting this kinda trash in.
FJB
I thank God every day that I am an American and not a Democrat
You a J6 terrorist? How many flags are on your Dodge?
If there really is a God, then most people who think or write stuff like that will go to hell. ;-)
@@royjays4588 God said to be thankful in all things..
I'm just being thankful I'm not mentally damaged or just plain dumb enough, to think that being a Democrat is even remotely American.
@@royjays4588
Words of Wisdomness indeed.
Thank you for sharing your expertease.
Zach-tell me to my face that yourPOSCockLover god will judge and burn me and see what happens.
The USA owes Japan $1.1 trillion. China $859billion. The UK $668billion. Belgium/Luxembourg $649billion.
Companies
@@brianbloomfield4384 I think you meant company's
That is still chump change compared to U.S public + other U.S private corporations.
No you owe. It’s public debt. Public means YOU.
@@JohnReynolds-ni5lv i am broke tho
You bastards aren’t getting away with this
Curious who are the bastards?
FOX...Doom and Gloom for old people
@@robyoung-pl1gq putting present journalism aside…..those who don’t learn from history are doomed to repeat it!
Japan has 40year bonds but the central bank is the one buying them, go figure.
Aka money printing...
Exactly, no one buys them.
@@yanaya713 It is enough to look at the prices of the Japanese yen against the euro over the last 5 years to understand that the Japanese are printing money in bursts.
America lacks the will to take steps to address this catastrophic path we are going down.
It's close to midnight but US voters continue drinking deeply at ‘The Last Chance Saloon’ . . . . whilst over the road, Boot Hill cemetery gates creak open . . .
America lacks the intelligence and knowledge to vote for conservative people willing to get America off the catastrophic path we are on.
The man at the bank smiles and types numbers on his computer,then you work for the rest of your life to pay it back with interest.Thats how it works.
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Kristy Loreca , imagine investing $1.5k and receiving $5k in 4 days.
The administration has putting so many families into difficult situations,my main concern is how can we generate more revenue?
That's awesome I know nothing about investment and I'm keen on getting started. What are the strategy?
I'll advise you to work with a financial advisor....Building a good investment portfolio is more complex so I would recommend you seek
That woman totally changed my life for good. I have come across individuals but non is as honest as she is. So surprise you know her too.
Most people are retiring this year and has nothing to show for. But I assure you it's never late to get your financial life together again.. All thanks to Kristy Loreca for I and my family
Interest on the national debt annually is enough to buy a dozen nuclear aircraft carriers a year........ and still have enough left over to buy 50,000 Sherman tanks and lots more every year!!!!!
It’s cause that’s not where is going
@@brianbloomfield4384: Where are we going?
We are going crazy 🤪 DemoRATS are nuts
It is also due to this type of purchases that the national debt has skyrocketed. Instead of focusing on improving infrastructure and the return of manufacturing to American soil, the focus was on military power to protect national interests abroad, because a large part of production, including strategic ones, was outsourced, such as chips in Taiwan. The result is that wealth is concentrated in the hands of a privileged few, while the middle class suffers, not to mention the dramatic increase in the number of poor and homeless people. The US should focus on developing its own economy, not that of others just because the cost of labor there is significantly lower. The little game of producing abroad to sell at home cannot work indefinitely and this incorrect policy is also reflected in the value of the public debt, which is now almost out of control.
What idiot would buy a 100 year bond with interest below 2%?
no one today.
People were buying 30 year bonds at those rates.
And people bought the 100 year corporates at those rates.
401K plan managers.
Not many, and these dorks at Fox Business can't understand that.
what is the incentive for the purchaser of 100 year bonds?
Exactly!!! You'd be better off just donating all your money to the government, and save the capital gains tax.
Make 1,000 years bonds is more attractive
And just shave the capital gains tax 👁️👃🇪🇺oooOooOo
Buy Gold and Silver. That is real money.
Most of these treasury bonds are not being bought, so this is where the fed reserve bank steps in and buys them, causing inflation.
Then you should know that SS benefits arent really funded by taxpayers but pf the fed reserve debt monetization.
@@rtquest22 its paid by mostly earned income workers today
@@crb4059 earned income workers indebted servitude courtesy of the fed reserve and the govt. Maybe you shouldve told FDR to not enact such as a law/program not warranted in the constitutional amendments.
@@rtquest22 you’ll see that 👁️👃👁️
Why not a 1000 year bond!!!!
I’m not sure I agree on the short bonds being a problem. Because they can roll them over at lower rates when (if) they fall.
If they fall. Thats a big if. And the sheer amount of debt the treasury is issuing ($1 T every three months) means that short term interest adds up
@@franciscodanconia4324 we’re already in recession. It just hasn’t been announced. I believe short rates are going to fall.
Lets say they did sell 100 year bond at 1.5%, whose buying??
What a relief, no screaming Maria, gordon chang and DT Ward.
This country will be so much better off when Janet Yellen is retired! Should be referred to as the little gray haired Communist!
Irresponsible bankers are the only ones that will buy a 100 year bond at 1.5% That bond would be even more interest rate sensitive that the 20 year bonds that got them in trouble.
Jeez ... total insanity ...
Why are these people so sure there will be enough demand for 50 and 100 yr bonds? Who in their right mind would lock themselves into a 3% nominal gain for 100 years?
The program is correct in proposing that the Treasury should have used the long period of low interest rates to lock in low rates for longer term bonds. But they are insane if they truly
think anyone would buy a 100 year bond from the U.S. government.
Why do we need such an expansive government. 90% of the government apparatus isn't necessary.
Total debt 34,8 T usd, with interest about 4,5 % peryear. It is about 1,6 trillion peryear, the amount of money that we must pay every years even if we didnt buy anything. What can wrong with that?
A 100 yr bond paying 1.5% would be close to worthless right now.
I love how the USA economy never gets better
I said years ago that the debt was so high, that a normal 5% interest rate would result in Trillions in interest we can’t pay. Simple math.
Seller listing the houses with 2022 property tax hiding the 2023 property tax which is at least 1000k more than 2022 tax!!! Be careful buying. The property tax will be the assessed by the amount of purchase price 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️
National debt and personal debt are ticking time bombs.
Last bond auction bombed. I guess other countries see the writing on the wall.
Insane that anyone would buy such a bond. Oh wait, our banks are forced into buying bonds. So why did so many banks go insolvent a couple years ago? Oh yeah, the near zero interest bonds!
Biggest mistake everyone makes is thinking our monetary system works the same as our personal finance couldn’t be further from being alike.. which never gets explained.. 😂
3:10
Foreshadowing isn't always subtle.
They issued a warning when it was at 17 trillion.
USA is in debt because when they were riding high they got used to a high standard of living. When the crunch time came, they just borrowed to keep that standard of living. Eventually something needs to give.
Not a chance
everybody is talking about how to borrow at cheaper rate, no one talks about how to pay back
Why the hell didn’t the government issue callable 100 year bonds when the Fed funds rate was 0%?
I think issuing 100 bound will leave room for Policy makers to continue their por performance.
It is just robbing the poor
Inflation is an unsustainable tax on everyone. The most pain is felt in the poor and middle class. I ate today. So I am thankful.
What a tangled web
Is it wrong too suppose that interest is just a tax upon the everyday taxpayer going towards the elites of the world banking society. And just whom does the Fed really serve ?
Corporations
The banking industry just the tip of the berg
Do you think investors are stupid enough to accept this 100 year bond?
Hundred year bonds. Yea we are done for at that point.
US government offering 100 year bonds when interest rate is at an all time high? Talk about buying high and selling low.😂😂😂
All time high? Maybe in your lifetime. My first mortgage was 13%.
These are normal rates. In the 90s a savings account paying 5% wasn't even considered "high yield". In the 80s savings accounts were paying 8%.
@@TheRealJBMcMunn I was referring to 10 year government treasury rate in this century. Not mortgage rate. That said, you are correct that in the last century, rates have gone as high as double digits. Presumably, the government have since learned how to avoid high interest rates that resulted in high inflation.
I’ve been rolling a large chunk of cash in 4 week t-bills at rates around 5.5%. It’s not good for the feds but it keeps me ahead of inflation at least.
Teachers should earn more than any news reporter.
That is a fantastic idea! Oh oh oh here is another one I am getting now...200 years bond! Oh my god this is fantastic! Oh oh oh I am having another great ideia...Here goes.............
How long will they kick that can ?
Yellen is as sane as joke Biden 😅😂
One doesn’t need to be an expert to see what’s coming
You’d have to be crazy to buy a 100 year bond
It $34.76 Trillion and growing by ~$100,000 every 4 seconds. And thats just the tip of the massive debt problem.
Just double all the taxes problem solved .
Wow. Most reasonable conversation I’ve seen on fox or from republicans. Bravo interesting topics.
Quit spending. Cut 1% or more from all programs every year. cut govt. employees. Balance budget amendment. No pay for congress if overspending.
Sorry I know about the market a little. Not much. But it's abit naive to think you can just shift all the short debt to long term. Not many segments of investors would have the limit nor the confidence to absorb the IR risk of that volume. Can't even compare to sleeping beauty bonds. It's totally different magnitude.
This is just common senses. It just shows you that most people are not that smart - just because you have power does not mean a lot.
Who in the Heck would be stupid enough to buy a 100 year bond at 1.5%? Sure, it would be Great for the Borrower, I wouldn't buy them. Mr Kudlow is right, the inverted rate curve just doesn't make sense for the borrower.
Inflation works for the borrower and screws the lender. When you borrow money today and then inflation comes along, your future repayments will be in weaker dollars.
Yes, there's interest, which is why this doesn't always work to the borrower's benefit. You have to consider the gain from repaying in weaker dollars vs what interest will cost.
@@TheRealJBMcMunn All very true.
Millennials & Jen Z's can pay the interest for their free college. Then they will realize they would rather pay for their college.
We can't lose focus of the fact that we need to start paying this debt off! This has been going on for too long and only getting worse.
Depends if the fine print on the bonds says we are financing under the rules of modern monetary theory. Debt does not matter if that is the rules we are all borrowing under. My whole life I remember when hit the first trillion oh the sky was falling, then 10 then 20 now what 40.
Government should just issue the bond to itself and implement a tax that pays the deficit it holds over the next 200 years or more. PUt all future deficits into interest free bonds put those bonds into lock box and dont issue any debt to the public put a specialty tax that pays that debt off in how many ever years it takes. Dont charge yourself interest just hold the bonds. seems pretty simple. The interest is our only problem not the debt.
Now the real problem with that is the world needs our debt to keep markets working, proved that when we balanced the budget under clinton. Money went into bad housing loans and we all know how that turned out. No one ever talks about the worlds need for Us debt to create the dollars used for the worlds reserve currency. The world needs tens of trillions of dollars how do you create those dollars you issue debt create dollars. The number does not matter till the world cant get dollars.
Briccs will crush the dollar.
Its already happening-
6 inch subway sandwich with only extra turkey costed 18.79
What was your first clue
It's almost like the Treasury wants the Treasury to collapse..
Conspiracy theory until it's not.
Janet Yellen's actions will lead to a bond market meltdown. Interest rates will spike sharply as the gigantic federal debt roles over at higher rates and people start betting that the U.S. has no actual plan to pay it back other than via inflation. This is how a great depression happens.
Give me a break. Who the hell would buy a 100 year bond? At 1/2 percent? The Congress can borrow $10 trillion with a vote. Next year $20 trillion? We are at $32Trillion. About $100,000 per U.S. citizen. $320 trillion by 2035? Probably. Gasoline at $40 a gallon?
the foolish see the debt and the banker see it not a problem.
Been waring my family members and friends since 2008 GFC.
Good luck from the UK hope you get the traitor out of the WH 🏴🇬🇧🇺🇸
Keep on printing
Gee! Really? Our borrowing cannot be sustained? And, borrowing sustains lifestyle?
Only our great grandchildren MAY see the return on 100 year bonds! We are out.
Its a Ponzi Economy.
Drill Baby, Drill..
he should ask this question to Democratic Party.
The bond market is going to be closed
TALKING OVER EACH OTHER IS FINE FOR YOU BUT A MESS FOR THE PUBLIC. GROW UP. THIS IS NOT NICE FOR THOSE WHO LISTEN TO ALL OF YOU. THAT WOMAN IS THE WORSE YET. ! !
Economists know about as much as “Cleo” the astrologist but go ahead and follow this opinion. Shouldn’t Economists be the wealthiest people in the world? And yet they are not even as good as a weatherman lol 😂
Obama claimed 'savings' when he turned expiring long-term bonds to lower interest rate shorter term bonds. We'd be in much better shape had Obama gone back with long term bonds.
Lower energy prices = lower fertilizer prices (increased at least 3X at begining of Biden) = lower food and other prices.
We have debt Mortium and we have power not to pay our debt to Creditor oversea!
These people make at minimum 100% on returns and insider trading. If they are affraid of 5% interest rates or higher they are a joke. Either they are no good at trading because they cannot make above the funds rate or they can’t borrow enough money to leverage trades. Raise rates to 10 !!!!
Why not just go to an "Interest Only" bond. All the government will do is pay the interest but never pay off the bond. What's there to complain about?!?.......Besides the slower economic growth?, higher unemployment?, More peolpe who spend their whole lives on government assistance?,,Eventually, our Banana Republic has an economic collapse. Cut spending now!! Balance the budget! Don't leave it for your children or grandchildren!!!.....
🙄🙄🙄
Forgive more student loans, pay off mortgages, give money to everyone
Oh yeah, that'll fix inflation. 😂😂😂
Ridiculous.
Deb ceiling is suspended to January 2025