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BTC093: The Debt Spiral Defined w/ James Lavish (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
What Can Powell Do?
The US treasury increased its quarterly borrowing estimates by a whopping 143% to 444 billion from 182 billion, which is what they were expecting. Jamie Diamond in the fourth on, I'm sorry, August 14th said that he estimates a 90% chance the US economy goes into a recession or worse. And so we're talking about what can, what can Powell do? Well, you know, we've watched the markets kind of fluctuate pretty dramatically around his comments and the other Fed governor's comments. So he doesn't want to break the markets, but he's got to get inflation down. But he knows that he can't raise rates too high because he could break the bond market. He
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