Andy Constan on Trump Tariffs
While deficits of $1T+ per year, with debt repayments of nearly $1T themselves, people think this is unsustainable short term and will combust. I disagree, there is atleast a 5-10 year runway without the existential crisis, however as I said in TechDollar 1, it will get worse every year, the money printing will exacerbate all the issues internally ... See more
Dan • Tech Dollar 2: The War of the Worlds and Fate of the Dollar
This can be seen in how conservatives keep on stressing the importance of “ownership” as the best safety net for households[97], the inflating bubble of student loans, or the excessive reliance on consumption driven by credit card debt. With the financial system as the only mechanism for sustaining production and consumption, today’s problem is les
... See moreNicolas Colin • Hedge: A Greater Safety Net for the Entrepreneurial Age
Looking from this perspective at the U.S. deficit, by far not all of the credits borrowed by the government were financed by the Fed. According to preliminary and rough estimates, not 40 percent but “only” about 13 percent of U.S. expenditures are presently financed this way. Moreover, in discussing this problem it has to be taken into account that
... See moreJohn Mauldin • Endgame: The End of the Debt SuperCycle and How It Changes Everything
For reasons difficult to understand, when the creditworthiness of a country is evaluated, only one year’s revenue (GDP) is measured against total debt. It is as if the total of an individual’s debt, from home mortgage, car loans, and student debt, were measured against one year’s income. Obviously, that would be irrational.