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.
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