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Wealthion - Be Financially Resilient
The Failing Fed, Banks and Rising Rates
Jun 28, 2024
Financial experts David Rosenberg, Michael Green, Jonathan Welllum, Ben Laidler, and Jon Najarian discuss topics such as US debt spending impact, Canadian banks' credit standards, economic challenges in North America, market trends like energy needs for AI, and concerns about the growing US deficit and bond auctions. They also touch on cryptocurrency volatility and adoption prospects.
46:07
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Quick takeaways
- Government spending's influence on GDP growth is crucial, temporary stimulation may pose long-term challenges.
- Housing market faces hurdles like mortgage stagnation, credit availability decline, and potential downsizing impacts.
Deep dives
US Debt Spending and Economic Impact
The discussion delves into the implications of US debt spending on the economy and housing market. It highlights the temporary nature of the increased government spending in stimulating GDP growth while emphasizing the challenges posed by reduced personal savings rates and changing consumer behaviors following the pandemic impact. The analysis underscores the significant influence of government spending on GDP growth and the potential long-term effects of recent economic strategies.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode