America's national debt is closing in on $40 trillion, but Jerry Robinson says the debt total itself may not be the biggest warning.
The real story is the rising cost of financing it.
Recent Treasury auctions have produced the highest 10-year and 30-year auction yields in decades as investors demand greater compensation to lend Washington money. Meanwhile, the Treasury Department is doubling certain long-term debt buybacks, a move Jerry explains is debt reshuffling, not debt reduction.
In this episode, Jerry examines what persistent long-term rates could mean for mortgages, businesses, stocks, government finances, and American households.
Then, in our Market Insights segment, Jerry examines an S&P 500 sitting near record highs with record corporate profit margins, but increasingly stretched market breadth. He also discusses the weakening U.S. dollar, improving gold prices, record-high copper, oil and the depleted Strategic Petroleum Reserve, plus his outlook for Bitcoin and Ethereum heading toward October.
Visit FollowtheMoney.com for Jerry Robinson’s latest market insights, investing tools, trading education, and membership resources.
Disclaimer: This podcast is for educational purposes only and should not be considered personalized financial advice. Investing and trading involve risk, including possible loss of principal. Always do your own research and consult a qualified financial professional before making financial decisions.