The U.S. has been able to pursue unlimited deficit spending, unlimited debt expansion simply because of both domestic and foreign purchases of U.S. debt. It’s seen in the financial industry to be as good as gold. It will never fail. As Alan Greenspan said, they can always print money to pay the debt. And so institutions, corporations, individuals, and everyone in between have consistently invested in U.S. debt. But who will buy it if the current biggest owners decide to stop?
The Debt Question Facing Janet Yellen: How Much Is Too Much? – WSJ
A big question hangs over Janet Yellen this week at her confirmation hearing to become U.S. Treasury secretary: How much debt is too much? In the past four years, U.S. government debt held by the public has increased by $7 trillion to $21.6 trillion.
Dollar Shorts Mount Before Yellen Outlines Market-Based Policy
(Bloomberg) — Investors may take Janet Yellen’s expected endorsement of a market-driven exchange rate as an additional green light for the U.S. currency’s long-term downtrend.The U.S. Treasury Secretary-designate will affirm the U.S.’s commitment to a market-determined dollar value on Tuesday, the Wall Street Journal reported.
The wealthy are investing like market bubble is here, or at least near
If an investor with $1 million or more in the market thinks that a stock bubble is already here – or soon enough one will be coming – what is the correct response? According to a new survey from E-Trade Financial, the answer is to keep investing in stocks, with more emphasis on undervalued sectors of the market.
How to stay in stocks if the record market has you fearing bubble
The current bull market has been defined by the fact that nothing can defy it. Threats come and go, but stocks keep setting new records.
Point72 to Expand With Florida Offices as Managers Head South – Bloomberg
Janet Yellen. First the Fed chair, now treasury secretary. Always pushing as hard as possible for maximum expansion of money. More Fed money. More more in circulation. More cash. More helicopters. The stock market has already gone into the most extreme levels ever in history. It will exceed every previous record. More stimulus checks.
— APPENDICES —
CNBC’s Jim Cramer on Tuesday suggested bullish investors will have a leg up under the Biden administration. Reacting to comments Janet Yellen, President-elect Joe Biden’s Treasury secretary nominee, provided senators during her confirmation hearing earlier that day, Cramer welcomed her focus on addressing the U.S. job market.
Austin Expected to be Nation’s Hottest Housing Market in 2021, Leading a Sunbelt Surge – Zillow Research
A panel of economists and real estate experts expect Austin to outperform the national market by the largest margin, followed by Phoenix, Nashville, Tampa and Denver Expensive coastal markets New York, San Francisco and Los Angeles are most likely to underperform, though Zillow expects growth in every market Key tailwinds
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
JANET YELLEN MIGHT BE BACK. Anyone suggesting government took over the Fed and not the other way around needs to wake up. Fed gained more control. Even Bloomberg admits it. The revolving door and the control over the public is very evident to those paying attention. #janetyellen pic.twitter.com/2lHmrIHw0T
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.