Chris Whalen: We're One Bad Treasury Auction Away From Trouble

WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com

Today's guest wrote the book "Inflated: How Money & Debt Built The American Dream"

In it, he wrote: "The first rule of any fiat system is no fiscal deficit"

Well, the US -- and virtually every other G7 country -- is breaking that rule six ways to Sunday given the unprecedented record levels of deficit spending currently underway.

Does that mean we're headed for trouble?

To find out, we'll ask the author himself, Chris Whalen, Chairman of Whalen Global Advisors LLC and expert on the banking, mortgage finance and fintech sectors.

#inflation #debt #bankingsystem

0:00-4:35 The Threat Of 'Too Much Debt'
4:36-7:24 Will Will Adopt A Smarter Course In Time?
7:25-9:37 The Eurodollar Market
9:38-25:09 Deficits & Inflation
25:10-29:08 Where Is Inflation Headed?
29:09-37:30 Banking System & Recession Risk?
37:31 Market Outlook

_____________________________________________

Thoughtful Money LLC is a Registered Investment Advisor Solicitor.

We produce educational content geared for the individual investor. It’s important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.

We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor in good standing with the Financial Industry Regulatory Authority (FINRA) who can develop & implement a personalized financial plan based on a customer’s unique goals, needs & risk tolerance.

IMPORTANT NOTE: There are risks associated with investing in securities.

Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.

A security’s or a firm’s past investment performance is not a guarantee or predictor of future investment performance.