“Watch out, you might get what you’re after”
| | | | | | | | | Dear Investor,
Raising the debt ceiling solves almost nothing.
Sure, our government can keep spending and paying interest on government debt with newly issued treasuries (just like MMT says we can do). But the pressure on banks, credit – heck, the entire financial system – will continue to build.
Be sure to mark your calendars for 11am ET tomorrow because we’ll be talking this and more on “Roundtable” with my guests Garrett Baldwin, Jeffry Turnmire, and Scott Welsh.
“Hold tight, we’re in for nasty weather.”
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Dear Investor,
Raising the debt ceiling solves almost nothing.
Sure, our government can keep spending and paying interest on government debt with newly issued treasuries (just like MMT says we can do). But the pressure on banks, credit – heck, the entire financial system – will continue to build.
Be sure to mark your calendars for 11am ET tomorrow because we’ll be talking this and more on “Roundtable” with my guests Garrett Baldwin, Jeffry Turnmire, and Scott Welsh.
“Hold tight, we’re in for nasty weather.” |
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