Segment 1: America's "Titanic" Economy Is Not UnsinkableSegment begins at 00:58
Is America’s “Titanic” economy unsinkable? Depends on who you ask. On today’s broadcast, economist/trading coach Jerry Robinson separates Washington’s hype from the grim reality of the fragile U.S. economy.
- Washington’s deficit for October was up an astounding 34% YOY
- America’s “Titanic” reality: debt growth exceeds (uncensored) economic growth
- Perplexing: U.S. stock market hits new all-time highs (at the same time that the Fed cuts interest rates??)
- Did you know… every U.S. Dollar = a Federal Reserve note (plus interest)?
- The day is coming when the U.S. will pay more for interest on its national debt than it does for its military
- Hello, fiscal conservatives, are you there? (crickets)
- Actionable steps to secure your lifeboat in America’s “Titanic” economy
- Want to become a lean mean trend trading machine? Reserve your seat now!
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Segment 2: The Final Word w/ Jerry RobinsonSegment begins at 44:26
Jerry closes out today’s show with a reminder that a day of reckoning is inevitable for the immensely debt-laden U.S. economy.