First Professional Economist Apprentices Celebrate Graduation Achievement miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
from strategic wealth partners could know a thing or two about what happened. what do you think? we could get another one. the reason i say that is because the american dream has become the american nightmare. it s getting worse and worse over time. what is happening, it s becoming the american nightmare because government economics. also known as bidenomics, also known as the government becoming more involved in our life every day. 22 years, that s the same exact point that we re at with the federal reserve. neil: 22-year high in interest rates. what is interesting, the crazy part is that if you look back to then, debt to gdp was 50% back then. in 22 years, debt to gdp is 130%. so we ve tripled the amount of debt neil: so why does the market go up, up up? because we keep borrowing. people keep borrowing money. that s why the markets are up. people spend.
it s all on debt. so what happens is with government economics is that essentially we all pay for it, the middle class pays for it through inflation, interest rateses and taxes. neil: isn t inflation coming down? it is coming down. neil: you don t buy it. the question is will we rebound from here. the federal reserve has more work to do to kill inflation once and for all neil: when you say more work, more rate hikes beyond the one they re anticipating? the question i ask, what are they going to do. not what do i think they should do. middle class america is struggling. the federal reserve is going to try to bury it. they do want to get the interest rates down. they re going to do that. neil: so to soft landing here and that they can dodge a bullet or a crash or a recession or worse, do you buy that? i don t think they can. i think the narrative has been a soft landing is going to be coming. that s why the markets rise. we have to get away from that.
Most of the time I don’t agree with what Transport Minister David Elliott says (“Costs blowout may yet derail mega-projects”, March 17), however I actually