Mike's Daily Comment
It’s a debt filled world and what’s going on in the bond market is way more important than Bitcoin, GameStop or Tesla. And it impacts every one of us.
The US economy’s recovering, jobs stats improving, states are opening up and all before the monstrous $1.9 trillion stimulus package – borrowed money, of course. Let’s not make the same mistake here.
Mike starts by betting you are better at predicting the future than you think. Legendary credit analyst, Bob Hoye drops by to tell us how worried we should be about the biggest bubble of them all – the bond market is showing signs of popping. The shocking stat reveals that when it comes to “diversity” in education the odds are stacked against us.
We are not “all in this together” when it comes to the financial impact of the pandemic. Heck, every home owner’s made a bundle while low skilled, low income workers have been hit hard.
How Much Money Can Central Banks Print Before It’s a Big Problem
Posted by Michael Campbell
on Wednesday, 10 March 2021 7:07
This is really worth knowing. It comes down to one factor – and it’s not how much money they printed.