The Roman empire had collapsed because they had inflation which created debt and they never didn't pay it back. The state of roman empire did get out of business. The debt has to be payed.
People have no idea what is coming. What is coming is a liquidity, collateral, and credit crisis all at the same time. Each one of these caused severe depressions or recessions. People are correct... it is different this time. It is about 5 times as bad as the GFC was and IMHO will rival or surpass the Great Depression. Could I be wrong? Certainly but I have read hundreds of books and studied markets ... etc.
12:00 plus...he admits the US debt is viable because of peoples faith in the govt. How's that going? And he seems unaware in the loss of purchasing power of the USD. :-(
I prefer Gregory Manarino or Ted Provenza. This man is still stuck in the old days. He is thinking in the old ways. Fiat toiletpaper that is. Ted Provenza has a table full of non existing toiletpaper. This system wil go down with a bang..
the stock market is one grand redistribution mechanism in the best of times, everything is rigged against the retail investor so what's the point, besides even if you are smart enough to win, taxes and inflation would put you in place
On the question he raises about how much work is done at home: among high performers, as much or more work is done at home, but differently. Teleconferences and emails are work methods, as in the office, but without the cost of office rent, cleaning, and maintenance. Even computer repair is done efficiently remotely, with technicians and end-users at their desks. The low performers have established ways of producing less. You don’t know what they’re doing on the phone, away from the desk. And you can’t watch a bad decision being made at a desk, but only through the effects of the decision. Demanding that employees come into the office to be watched at work is a sign of management persisting in failing to understand and measure performance. To demand it just to save commercial real estate is a poor management choice and not why a company hires managers.
Sincerely, I'm far from being as confident as Dr. Shilling on the debt problem (I wish he's right). His most recent book, The Age of Deleveraging, is a great read (you end up loving treasurys, specially 30-year zero-coupon bonds).
Im a Shilling fan he called 08 to include housing.That said when % on debt is more than defence spending and money printing is causing inflation by a falling dollars purchasing power at home it matters
Recent treasury auctions have been difficult; there will be a treasury issue default at some point; Japan's yen is going down the drain which will force them to sell off more treasuries. China has divested substantial percentages of its US debt, de-dollarization means that the world markets are turning against the dollar and looking at other mediums of exchange. The US has to borrow money to send to Ukraine while the United States begins to burn in Hell from neglect. I'm not sure what Dr. Shilling's definition of a safe haven is, but since Basal III gold is a reserve asset with equivalency to dollars. Central Banks are shoring up their vaults and balance sheets with gold, not dollars. I'd be bailing out of treasuries with my million dollar investment and would be buying gold to store outside of the central banking system.
Wow, you lost me at 12:30!! No worries about our children and debt levels????
Debt does matter
Yes the grandchildren will be saddled with it
Are you familiar with the concept of inflation?
He must not have kids and has so much money that does not a clue of what inflation has done to us in the real world!
Not a good interview here .. debt is the whole reason why we are in this mess.
The Roman empire had collapsed because they had inflation which created debt and they never didn't pay it back. The state of roman empire did get out of business. The debt has to be payed.
People have no idea what is coming. What is coming is a liquidity, collateral, and credit crisis all at the same time. Each one of these caused severe depressions or recessions. People are correct... it is different this time. It is about 5 times as bad as the GFC was and IMHO will rival or surpass the Great Depression. Could I be wrong? Certainly but I have read hundreds of books and studied markets ... etc.
Please tell us more
No one will ever pay the debt because it cannot be paid. Some day there will be a default
12:00 plus...he admits the US debt is viable because of peoples faith in the govt. How's that going? And he seems unaware in the loss of purchasing power of the USD. :-(
I prefer Gregory Manarino or Ted Provenza. This man is still stuck in the old days. He is thinking in the old ways. Fiat toiletpaper that is. Ted Provenza has a table full of non existing toiletpaper. This system wil go down with a bang..
the stock market is one grand redistribution mechanism in the best of times, everything is rigged against the retail investor so what's the point, besides even if you are smart enough to win, taxes and inflation would put you in place
Welcome to BIDEN'S America!!!!!!!!!!!!!
What about the excesses, in money printing????.
Wrong timestamps? There's India section at the 16 minute mark instead of 6
On the question he raises about how much work is done at home: among high performers, as much or more work is done at home, but differently. Teleconferences and emails are work methods, as in the office, but without the cost of office rent, cleaning, and maintenance. Even computer repair is done efficiently remotely, with technicians and end-users at their desks.
The low performers have established ways of producing less. You don’t know what they’re doing on the phone, away from the desk. And you can’t watch a bad decision being made at a desk, but only through the effects of the decision. Demanding that employees come into the office to be watched at work is a sign of management persisting in failing to understand and measure performance. To demand it just to save commercial real estate is a poor management choice and not why a company hires managers.
Sincerely, I'm far from being as confident as Dr. Shilling on the debt problem (I wish he's right). His most recent book, The Age of Deleveraging, is a great read (you end up loving treasurys, specially 30-year zero-coupon bonds).
Im a Shilling fan he called 08 to include housing.That said when % on debt is more than defence spending and money printing is causing inflation by a falling dollars purchasing power at home it matters
Gary isn't heard often enough; thanks lots Kai!
You are welcome. Thanks for tuning in.
you've changed your tune...not worried about debt levels?
Recent treasury auctions have been difficult; there will be a treasury issue default at some point; Japan's yen is going down the drain which will force them to sell off more treasuries. China has divested substantial percentages of its US debt, de-dollarization means that the world markets are turning against the dollar and looking at other mediums of exchange.
The US has to borrow money to send to Ukraine while the United States begins to burn in Hell from neglect.
I'm not sure what Dr. Shilling's definition of a safe haven is, but since Basal III gold is a reserve asset with equivalency to dollars. Central Banks are shoring up their vaults and balance sheets with gold, not dollars. I'd be bailing out of treasuries with my million dollar investment and would be buying gold to store outside of the central banking system.
You can’t grow gdp without growing debt from what I can tell. Unless we pull from overseas.
wich pair crash ?