US paid $853 Billion in Interest for $31 Trillion Debt in 2022;
More than Defense Budget in 2023. If the Fed keeps rates at at
these levels (or higher) we will be at $1.2 trillion to $1.5
trillion in interest paid on the debt. The US govt collects about
$4.9 trillion in taxes.
Posted by diabloblanco on 28th of Jan 2023 at 05:03 pm
Reduce rates and they'll spend more , raise taxes to
bring in more revenue and they'll spend more . They're gonna
spend more and create more debt till the country folds like a cheap
suit . To assume they'll do what's best for the country is to
ignore what they've done already , the exact opposite.
Will the stock market rise if the dollar falls hard ? ,,,
Hard assets rise against a weak currency . Kinda
like my house , when it was built (1959)ish sold for 7k
now 800k
Hence the need to cut rates as early as they can. The fed
is probably more desperate than people think to cut rates. But they
are waiting for data to show cooling which so far has been trending
in the right direction (bad news for bears)
Earnings recession cant get worse. Analysts have cut estimates
significantly. Stocks got destroyed last 2 years.
I am not super bullish or super bearish. I am definitely not in
the camp of retesting covid lows. As of now trading what I see.
Long term portfolio is still invested. Made some adjustments as
needed for example picked up more Tesla at 115, XBI at 65 last
year
Debt
Posted by steve on 28th of Jan 2023 at 03:03 pm
US paid $853 Billion in Interest for $31 Trillion Debt in 2022; More than Defense Budget in 2023. If the Fed keeps rates at at these levels (or higher) we will be at $1.2 trillion to $1.5 trillion in interest paid on the debt. The US govt collects about $4.9 trillion in taxes.
Fred Economic Data (St. Louis Fed)
twitter.com
Reduce rates and they'll spend
Posted by diabloblanco on 28th of Jan 2023 at 05:03 pm
Reduce rates and they'll spend more , raise taxes to bring in more revenue and they'll spend more . They're gonna spend more and create more debt till the country folds like a cheap suit . To assume they'll do what's best for the country is to ignore what they've done already , the exact opposite.
Will the stock market rise if the dollar falls hard ? ,,, Hard assets rise against a weak currency . Kinda like my house , when it was built (1959)ish sold for 7k now 800k
Hence the need to cut
Posted by arun on 28th of Jan 2023 at 03:45 pm
Hence the need to cut rates as early as they can. The fed is probably more desperate than people think to cut rates. But they are waiting for data to show cooling which so far has been trending in the right direction (bad news for bears)
Earnings recession cant get worse. Analysts have cut estimates significantly. Stocks got destroyed last 2 years.
Technicals so far have been confirming this move.
You are super bullish.
Posted by bpozdoll1717 on 28th of Jan 2023 at 10:03 pm
You are super bullish. Are you heavily long?
I am not super bullish
Posted by arun on 29th of Jan 2023 at 07:47 am
I am not super bullish or super bearish. I am definitely not in the camp of retesting covid lows. As of now trading what I see. Long term portfolio is still invested. Made some adjustments as needed for example picked up more Tesla at 115, XBI at 65 last year
Thanks. Always appreciate your views.
Posted by bpozdoll1717 on 30th of Jan 2023 at 11:59 am
Thanks. Always appreciate your views.