Joao Gomes, Wharton Professor, joins ‘Fast Money’ to discuss the growing federal debt and why it could spell disaster for the markets and economy in the future.
source
Joao Gomes, Wharton Professor, joins ‘Fast Money’ to discuss the growing federal debt and why it could spell disaster for the markets and economy in the future.
source
It´s not 1,6 trillion, 1,8 trillion per year!!! It´s 1 trillion EVERY 90 DAYS!!!!!!
Debts don't matter, let future generations pay
Debit Card or Credit Card ?
a professor is academic. none of them know reality
Government has killed the free market. In a free market the dominant interactions are B2B and B2C. In the current market, they are B2G, G2B and G2C. So if government drops spending by 10%, S&P500 earning will go down also by 10%.
Brilliant professor……he just figured out this is a problem.
The debt is only an issue when it goes towards broad-based social programs, eg. student loan relief, but foreign aid and Military spending is bottomless? go away repugnicant …
Financial markets exhibit patterns that recur over time. Arthur Grandi's book offers a systematic approach to stabilizing investments and explores investment opportunities, including in cryptocurrencies.
Treasuries is the based of money.
Turn down the interest rates, send up the taxes. Let's screw all the ordinary Americans!
Voters luv politicians that give them freebies.
they ave been sounding alarm for decades and crooks wont stop it
Govt doesn't care about the debt… they just keep kicking the can till the can explodes
Can somebody explain professors concerns in a layman term? Why could the markets break?
The US debt has been an issue for a very long time. Everyone was up in arms when Obama raised the national debt. The same with Trump. And now with Biden. And the same in the next presidency. Nothing will change. This xxxx-show started when we went off the gold standard in 1971. The US Government produces nothing, only consumption. All they can do is borrow more money.
Biden, get re-elected and keep spending like tomorrow is the end of the world
Force Feeding Electric cars ( most poor at best) has hurt the “ Controlled Growth of Tesla” ? Tesla balanced their recharge stations and Service Capabilities ? 🤔
Just paying the price for printing nearly 10 trillion dollars in the last several years. Completely predictable outcome. thank the greedy politicians in Washington and the moronic concept of modern monetary theory.
Only a minority of the US people are worried about the high US debt.
Biden should send more money to Ukraine and Israel. That will fix the problem.
Simply stopping government overspend would stop the problem but its like telling a food addict how he is killing himself with food. Both parties spend much too much but nothing will stop the Dems. Collapse isnt far off.
No balls….or he wasn’t allowed to give his real opinion to get on dem cheering cnbc…”we can afford our debt right now”….😂😂😂
When you pay for all those wars…pay for all those Illegals….forgive student debt….Handout all free Government programs such as welfare…snap cards on & on….steal money out of Social Security to help pay the debt….I' m happy I lived a good long life when things were nomal….now at 70 years old hopefully I won't see this all blow up!! Before I die…It's the younger generation who will see this disaster coming. And suffer royally from it!
Tax electronic cash transfers theres billions per day. Put the money directly to pay down the debt. We are hurdling to austerity.
uhh yea the store clerk on the corner and the forklift driver on the docks realize the economic dangers too.
MMT…
Let’s hike the rate so interests on debt will be higher for longer 👌
The government will be selling bonds to consumers like they did war bonds, but they will be “debt” bonds. Grab AU.
Unless people pay more tax and millionaires and billionaires start paying their equatable share it’s obvious what will happen. With extremist politicians in the rise; there will be no solution coming from Washington.
At some point, narkets will break. 20 years is optimistic. 10 may even be far-fetched. I'm planning on 5-7 max. #NoFreeLunches 💁🏽♂️📊📉 🌎
The Trump tax cuts are the biggest concern? Haha, yeah right. Try the out of control spending, and all that money given to Ukraine.
We can grow out of it. Ha. We can always make more money. It’s all about controlling the money supply. The government doesn’t need out taxes. The treasury can print what it needs. Keep the money circulating that’s the magic of the economy.
Trump will triple it 25-29 – make debt great again!!!!
Everyone says stuff and look at other countries – they did it worse. Sucks we were corrupt to do it at all … but so ends empires
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