The Charles Thorngren Show

The BIG debt ceiling issue nobody is talking about

28 min · 10. maj 2023
episode The BIG debt ceiling issue nobody is talking about cover

Beskrivelse

The debt ceiling crisis is a big one. If we raise the debt ceiling and don't enforce cuts to pay for it, we incur even more debt. If we don't raise it we default. We have kicked the can down the road for so many years that the fallout from either option will be harmful to the economy, and hurt Americans. The Biden administration refuses to negotiate in good faith and is playing an irresponsible game of chicken with the livelihoods of the American people. Janet Yellen says we're out of money. In today's episode we break it all down. Website: https://legacypminvestments.com/

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This month’s jobs report came in hotter than expected — but Charles breaks down why the headline number may be the most misleading part of the story. From revised job gains and where the hiring is really happening (healthcare, construction, and “social assistance”), to the deeper damage of two million lost “good” jobs over the last two years, this episode is about what the data actually suggests. We dig into long-term unemployment, rising delinquencies across credit cards, auto loans, mortgages, and student debt, and the growing “K-economy” where upper-income spending stays strong while middle and lower-income households tighten up. Then we zoom out to the bigger question: what does the Fed do next — raise, hold, or cut — especially with political pressure and uncertainty around tariffs, government restructuring, and AI reshaping the workforce? Bottom line: if you’re planning your next move financially, this is your “pay attention” episode.

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