Carol Roth

Over the past 11 or so years, they have been net sellers of treasuries. They've actually replaced that with gold on their balance sheet. So if we don't have central banks that will just buy treasuries whenever, because that's part of the geopolitical deal, that means you have to find people who are looking at the price. They're looking at the price of the treasuries.

Over the past 11 or so years, they have been net sellers of treasuries. They've actually replaced that with gold on their balance sheet. So if we don't have central banks that will just buy treasuries whenever, because that's part of the geopolitical deal, that means you have to find people who are looking at the price. They're looking at the price of the treasuries.

And basically, at these levels, even though they've come off a little bit, and we can talk about that too, but they're overall saying, yeah, we're not going to do that. We need to have a reprice here. And when you don't have enough demand, you end up seeing our yields go higher. And to the extent they add up too high, which we were dangerously close to a few weeks ago, that has come off now.

And basically, at these levels, even though they've come off a little bit, and we can talk about that too, but they're overall saying, yeah, we're not going to do that. We need to have a reprice here. And when you don't have enough demand, you end up seeing our yields go higher. And to the extent they add up too high, which we were dangerously close to a few weeks ago, that has come off now.

And basically, at these levels, even though they've come off a little bit, and we can talk about that too, but they're overall saying, yeah, we're not going to do that. We need to have a reprice here. And when you don't have enough demand, you end up seeing our yields go higher. And to the extent they add up too high, which we were dangerously close to a few weeks ago, that has come off now.

But if you hit that, that could end up causing a debt spiral. It could end up causing So the mismanagement or excuse me, not a mismanagement, but basically a throwing up, if you will, of the Treasury market and have global implications.

But if you hit that, that could end up causing a debt spiral. It could end up causing So the mismanagement or excuse me, not a mismanagement, but basically a throwing up, if you will, of the Treasury market and have global implications.

But if you hit that, that could end up causing a debt spiral. It could end up causing So the mismanagement or excuse me, not a mismanagement, but basically a throwing up, if you will, of the Treasury market and have global implications.

However, however, Glenn, if we cut, as we've talked about, we cut a trillion dollars and we just cut it off very carefully and we don't choreograph it like Fred Astaire and Ginger Rogers. And then we don't have that in our GDP. Then we have a shrunken economy. We're taking in less receipts and we actually explode the deficit, which could end up in a debt spiral.

However, however, Glenn, if we cut, as we've talked about, we cut a trillion dollars and we just cut it off very carefully and we don't choreograph it like Fred Astaire and Ginger Rogers. And then we don't have that in our GDP. Then we have a shrunken economy. We're taking in less receipts and we actually explode the deficit, which could end up in a debt spiral.

However, however, Glenn, if we cut, as we've talked about, we cut a trillion dollars and we just cut it off very carefully and we don't choreograph it like Fred Astaire and Ginger Rogers. And then we don't have that in our GDP. Then we have a shrunken economy. We're taking in less receipts and we actually explode the deficit, which could end up in a debt spiral.

So, yes, Congress needs to do their part. But it needs to be done very surgically. And that is the ultimate challenge. That is the mess that the Biden administration left for Trump.

So, yes, Congress needs to do their part. But it needs to be done very surgically. And that is the ultimate challenge. That is the mess that the Biden administration left for Trump.

So, yes, Congress needs to do their part. But it needs to be done very surgically. And that is the ultimate challenge. That is the mess that the Biden administration left for Trump.

I mean, this is this is going to be probably a whole other segment, but I'll just throw out there at some point we need to have a discussion about these tariffs. Now is probably not the time because it's a very large discussion. OK, but we need to have a discussion about these tariffs.

I mean, this is this is going to be probably a whole other segment, but I'll just throw out there at some point we need to have a discussion about these tariffs. Now is probably not the time because it's a very large discussion. OK, but we need to have a discussion about these tariffs.

I mean, this is this is going to be probably a whole other segment, but I'll just throw out there at some point we need to have a discussion about these tariffs. Now is probably not the time because it's a very large discussion. OK, but we need to have a discussion about these tariffs.

All right. So basically, what did the American people hire Trump to do? Right. They hired to stabilize prices, to get things more normalized. And yes, we have these issues around the world in terms of, you know, where we stand in trade. However, as we have been talking about, we just talked about this needs to be very surgical. We need to have Fred Astaire and Ginger Rogers doing the choreography.

All right. So basically, what did the American people hire Trump to do? Right. They hired to stabilize prices, to get things more normalized. And yes, we have these issues around the world in terms of, you know, where we stand in trade. However, as we have been talking about, we just talked about this needs to be very surgical. We need to have Fred Astaire and Ginger Rogers doing the choreography.

All right. So basically, what did the American people hire Trump to do? Right. They hired to stabilize prices, to get things more normalized. And yes, we have these issues around the world in terms of, you know, where we stand in trade. However, as we have been talking about, we just talked about this needs to be very surgical. We need to have Fred Astaire and Ginger Rogers doing the choreography.