The St. Louis Fed Thinks $30 Trillion In National Debt Is No Big Deal
This, and other statements you could attribute to a drunk at an airport bar at 3AM, on my latest podcast.
On my latest podcast, the most recent episode of my ongoing Our Bullshit Economy series, I rant about the Fed, the national debt, the market, Whoopi Goldberg, cancel culture and Neil Young.
I also play a video from the St. Louis Fed from Twitter, wherein an “economist” attempts to explain away the idea that $30 trillion in debt for our nation is somehow immaterial.
Among other things, I cover this piece about how Cathie Wood is changing wording and marketing surrounding her ARK Innovation Fund (ARKK):
I also talk about how cancel culture has become a snake eating its own tail, as I wrote about just days ago when Whoopi Goldberg, days after criticizing Bill Maher for comments on Covid, found herself suspended from The View for two weeks:
I discuss how readers of mine may have expected this recent move in the NASDAQ. I have been warning since November 1, 2021 that the NASDAQ was at risk of falling apart. I also re-iterated these warnings in December, heading into the holidays:
Further, I explained why I thought the Fed’s plan to taper and raise rates was nothing but a vanilla negative for markets (i.e. bad news is no longer good news) in this piece, which I published heading into 2022:
If you don’t already subscribe to Fringe Finance and would like access, I’d be happy to offer you 20% off forever:
Finally, you can listen to my latest podcast, for free, here:
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It is astonishingly ignorant of so many things that would take too much time to enumerate. I did get a chuckle about his comment that a government lives effectively forever. I hope in his next presentation he gives an example of just one in all of human history.
I'm suddenly grateful my children didn't end up going to the University of Western Ontario.