(11/30/23) Face-off Movie, Bond Math, and Market Preview: How does the Consumer continue to spend? Texas' Christmas spending habits = $817/avg. Budgeting for Christmas w price pressure in mind. Will interest rates be but next year (why wouild the Fed do that)? Michael Lebowitz helps crunch the Bond Math: What price changes mean in the Bond Market. What is the credit risk to consider? How will you be paid? Recession is inevitable; how long do you want to hold a bond? Discounts vs Yields: doing the bond math (Bondilocks) factoring duration in getting paid; the higher the yield, the shorter the duration. Narrative Economics & The Federal Debt: what is happening to debt service? Is the US Fiscally-dysfunctional? Slwer Growth, less wealth, deflation are the results. It's the interest expense that's killing us. debt to GDP is declining...for now: The Government can't fix the deficit, but it CAN lower interest rates.
2:42 - How Does the Consumer Continue to Spend? 13:56 - Crunching the Bond Math 30:00 - Inside Lance's Head ; Discounts vs Yields 43:58 - Narrative Economics & The Federal Debt
