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| Federal Reserve Chairman Jerome Powell has indicated interest rates probably need to stay higher for longer. President Donald Trump says we need deeper rate cuts now. Who is right? Both! And as Mike Maharrey explains in this episode of the Midweek memo, the difference of opinion between Trump and Powell underscores an ugly reality -- the Fed is stuck between a rock and a hard place. He also explains why this matters to gold and silver investors. |
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Washington! We Have (a $35 Trillion) Problem!
2024-10-23
Washington D.C. has a problem!
A $35.7 trillion problem.
And yet most people don’t seem concerned about excessive government spending, massive budget deficits, and the growing national debt.
In this episode of the Money Metals’ Midweek Memo, host Mike Maharrey explains why people should be concerned. He digs deep into the numbers and points out some signs that the ramifications of the government’s borrow-and-spend addiction and the spiraling debt are already reverberating through the economy.
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