Friday, April 27, 2012

Interest Rates Have Nowhere To Go But Up

The Federal budget deficit will drive our financial future
Jim welcomes back Bud Conrad, Chief Economist at Casey Research. Bud sees large and growing demands for credit from the federal government, which will require the Fed to continue to create a large and growing supply. This will lead to debasement of the dollar, higher inflation, and higher interest rates, all long-term negatives for the US economy. As government debt grows, the interest to be paid grows as well. If rates rise, the scenario becomes much worse.
As well as being chief economist for Casey Research, Bud is also author of the book Profiting from the World's Economic Crisis. Bud holds a Bachelor of Engineering degree from Yale and an MBA from Harvard. He has held positions with IBM, CDC, Amdahl, and Tandem. Currently, he serves as a local board member of the National Association of Business Economics and teaches graduate courses in investing at Golden Gate University. Bud, a futures investor for 25 years and a full-time investor for a decade, is also a regular lecturer for American Association of Individual Investors. In addition, he produces original analysis for Casey Research, including unique charts and research on the economy and investment markets. Bud's commentary may be found in The Casey Report every month.


click here for audio

No comments:

Post a Comment