We have a 34 trillion dollar deficit. We have maxed out the nation’s credit card. It costs the taxpayers 2 trillion in interest alone every year, we only take in 4 trillion in taxes. We are broke as a nation, we can’t afford social security, defense. You didn’t even bring that up in your opening statement Jim
Yep. MMT is the best framework to understand this. Public sector debt = private sector savings. The Deficit Myth is a good book even if you disagree with the politics of the author.
I lost over $30K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $10k profits weekly. Thanks so much Mrs Georgia Robinson
The 40 Year Bond Bull market died on August 4, 2020 when the 10 year reached 0.50%. In October 2023, it reached 5.00%. So the yield went up 4.5% and now Bianco is telling us the Bond Bull Market is dead!? Where was he three years ago? I'm not a fan of Bianco. He had laser eyes for cyrptocurrencies on Twitter and changed his profile after it fell 50%. He's a charlton.
Great conversation; thanks
We have a 34 trillion dollar deficit. We have maxed out the nation’s credit card. It costs the taxpayers 2 trillion in interest alone every year, we only take in 4 trillion in taxes. We are broke as a nation, we can’t afford social security, defense. You didn’t even bring that up in your opening statement Jim
How do 2 distinguished economists, Jim Bianco and David Rosenberg, have opposite options on the economy.
So we're going to be OK with over a trillion a year going just to pay interest on the debt with these sustained higher rates?
yes
Yep. MMT is the best framework to understand this. Public sector debt = private sector savings. The Deficit Myth is a good book even if you disagree with the politics of the author.
I lost over $30K when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I find one source to recover my money, at least $10k profits weekly. Thanks so much Mrs Georgia Robinson
She's mostly on Telegrams app with the name below.
investwithrobinson💯,, that's it
The 40 Year Bond Bull market died on August 4, 2020 when the 10 year reached 0.50%. In October 2023, it reached 5.00%. So the yield went up 4.5% and now Bianco is telling us the Bond Bull Market is dead!? Where was he three years ago? I'm not a fan of Bianco. He had laser eyes for cyrptocurrencies on Twitter and changed his profile after it fell 50%. He's a charlton.
Eth is a scam and BTC is king. Bianco is still too thick to see it.
Damn I made it all the way to 1 hr and found out he has brain worms