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Thoughtful Money with Adam Taggart
The Debt Crisis Also Presents Great Opportunity For Investors | Gordon Long
Sep 12, 2024
Gordon Long, a financial markets expert and commentator, dives into the alarming $35.34 trillion US federal debt crisis. He discusses the looming threat of a sovereign debt crisis while uncovering potential investment opportunities within this turmoil. The conversation explores 'creditism' and its prevalence in today's economy, strategies to navigate market risks, and the impacts of inflation on purchasing power. Long also highlights the evolving influence of BRICS nations on global commodities, urging investors to stay informed and adaptable.
01:25:51
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Quick takeaways
- The US federal debt now exceeds $35 trillion, raising concerns of a potential sovereign debt crisis amidst economic sustainability issues.
- A shift towards 'creditism' signifies that economic growth increasingly relies on debt accumulation rather than productivity or savings.
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Assessment of the Global Economy
The current state of the global economy is characterized by significant alarm signals, with increasing concerns over rising debt levels and economic sustainability. As the US Federal debt has surpassed $35 trillion, analysts warn of a potential sovereign debt crisis, raising questions about the ability to manage this debt trajectory effectively. Despite these negative indicators, there is a perspective that this may be an optimal time for investing, provided that investors can adequately manage associated risks. The complexities faced by central banks and the government complicate the economic landscape, as options for addressing these challenges appear to be dwindling.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode