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What Happens If the Debt Ceiling Is Not Raised

(5/8/23) Our obligatory Mother's Day alert; no recent bank fail (yay); Employment report beat estimates for 13th straight month; market rallies 2% on Friday, but ends with a down week; markets moving sideways despite higher interest rates, bank failures, and weakening economy (or is it?); the two types of default, and why no one is going to repossess the US. Janet Yellen is wrong about the Debt Ceiling; what happens if the Debt Ceiling is not raised. The opportunity to buy long-dated securities. Why is Warren Buffett so gloomy? Estimates for earnings are pessimistic; Charlie Munger says get ready to make less money on investments. Meanwhile, markets continue to function. Which jobs will be replaced by AI? What will the global impact of AI? ("Don't Worry About It" is a bad analysis.)
3:06 - Employment Reports Beat Expectations for 13th Straight Month
14:29 - Why Janet Yellen is Wrong About the Debt Ceiling
30:29 - Why The US Government Will Not Default on Debt
44:35 - Which Jobs Will Be Displaced by Artificial Intelligence?

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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Here are articles mentioned in today's show: "Are We Already in Recession?"
https://realinvestmentadvice.com/conviction-or-how-to-lose-a-lot-of-money-in-investing/
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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