He wrote a lot but basically we have $10 Trillion of over $30 Trillion in debt coming due this year. So we need interest rates to come down so we don’t add interest to the deficit. And we actually need to weaken our dollar because it’s really hard to export when our dollar is so strong…
And diversify our GDP to include less service based business amd more manufacturing and industry (which we need to export, so we need a cheaper dollar). The federal debt was project to hit $50T in the next 10 years is nothing was done. So it might be a ham handed way to do it, and the optics SUCK…
No problem. I’m mostly just keeping my fingers crossed, and trusting this guy who specializes in this stuff, is my friend as well as my advisor, and has a fiduciary responsibility to always make decisions that are in my best financial interest only.
But it might just work out. I’m no economist but he’s handled my retirement portfolio really well for the last 16 years or so and I trust him (he’s also my age, facing the same realties).
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