Diving Deep into the 1.7 Trillion US Budget Deficit | Weekly Business Briefs w/ Martin Perdomo
Prepare to be in the know as we delve into the behemoth of a topic - the US budget deficit projected to skyrocket to 1.7 trillion in 2023. We'll be unpacking this fiscal mammoth, discussing President Biden's foreign aid and security expenditure proposals, and how they could fan the flames of fiscal wars with House Republicans. Learn how the surge in interest rates could squeeze the government's ability to service its debt, possibly leading us into a dire financial strait.
In this episode, we also put the spotlight on the US Treasury yields, holding steady but flirting with 16-year highs. We'll be interpreting the resulting turbulence in the bond market, with insights from financial expert Bill Aikman on the dangers of shorting bonds at the current long-term rates. We top off our discussion with the Israel-Hamas conflict's potential fallout on global trade, featuring insights from World Bank President AJ Banga on these geopolitical tensions' impact on global economic growth. Brace yourself for a torrent of vital financial insights you won't find anywhere else.
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