Hi Jim. Last Friday I was able to join in on your live broadcast. Good information. So, I found myself wondering about all this money our Biden buddy's administration is printing and giving away. Having talked about inflation now a while, could there be a discussion on the $30+ trillion (and rising) national debt? I know GDP always comes into the discussion, but what will happen with the national debt is $40 trillion................or $50 trillion? Of course, interest rates for new treasuries will have to rise to attract investors who might be afraid then of a US default on payments, but what about future tax hikes to try and pay off the debt? Something like 57% of working Americans don't pay any income taxes so do we see future tax rates pushed back up into the 70% range like we had when Reagan was elected? I know we've already talked about you not giving financial advice, but at some level, since Treasuries are perceived as "risk free", is there some level of interest rates that might cause equity investors to shift to treasuries? You and I talked about this briefly in Jackson when we talked about the high interest rates in 1980-1981. Could be an interesting discussion. You know, we're all interested in avoiding loss and increasing the value of our portfolio. Are we becoming like a South American country?Anyway...................enjoy your time off and I'll be sure to tune in to your May 13th broadcast. By then, the Fed will have raised interest rates again! Thanks again. Steve
Hi Jim. Last Friday I was able to join in on your live broadcast. Good information. So, I found myself wondering about all this money our Biden buddy's administration is printing and giving away. Having talked about inflation now a while, could there be a discussion on the $30+ trillion (and rising) national debt? I know GDP always comes into the discussion, but what will happen with the national debt is $40 trillion................or $50 trillion? Of course, interest rates for new treasuries will have to rise to attract investors who might be afraid then of a US default on payments, but what about future tax hikes to try and pay off the debt? Something like 57% of working Americans don't pay any income taxes so do we see future tax rates pushed back up into the 70% range like we had when Reagan was elected? I know we've already talked about you not giving financial advice, but at some level, since Treasuries are perceived as "risk free", is there some level of interest rates that might cause equity investors to shift to treasuries? You and I talked about this briefly in Jackson when we talked about the high interest rates in 1980-1981. Could be an interesting discussion. You know, we're all interested in avoiding loss and increasing the value of our portfolio. Are we becoming like a South American country?Anyway...................enjoy your time off and I'll be sure to tune in to your May 13th broadcast. By then, the Fed will have raised interest rates again! Thanks again. Steve