FTM 494: Washington’s Runaway Debt Machine

In this episode of Follow the Money, Jerry Robinson breaks down the latest shocking U.S. fiscal data — including a $345 billion deficit in August alone — and explains how soaring interest costs are now outpacing defense spending.

Jerry explores why the Federal Reserve is cornered into cutting rates, how $7.5 trillion parked in money markets could soon flood back into risk assets, and how our January 2025 Market Outlook is tracking as Q3 ends.

This episode connects the dots between Washington’s runaway spending, the Fed’s looming pivot, and the market forces quietly preparing for what comes next.