The Dollar in an Increasingly Multipolar World ft. Luke Gromen & Larry McDonald
Real Vision: Finance & Investing
US Sovereign Debt, Spending, and the Challenges Ahead
This chapter discusses the composition of the S&P in 1980 compared to now, and the probability of the composition changing in the future. The speaker also talks about the fiscal and monetary response to the financial crisis and COVID, and how it may lead to inflation. They mention the impact of depositing money in people's bank accounts and the increase in spending this year. The speaker then discusses the potential crowding out of certain spending next year and the underperformance of defense stocks. They tie this back to the increase in US debt and deficits.
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