Carol Roth

versus debt don't remain great nations for very long. That seems to be a pretty obvious something that everybody can wrap their heads around. That we don't want to be spending all of our money paying for stuff that we've quote unquote already bought.

versus debt don't remain great nations for very long. That seems to be a pretty obvious something that everybody can wrap their heads around. That we don't want to be spending all of our money paying for stuff that we've quote unquote already bought.

and we certainly at these levels cannot afford to do that if we continue to do that and you know this kind of goes into another conversation that we've had before glad to is that you know central banks around the world who used to be our friends in support of the us being the world's reserve currency used to just buy treasuries as kind of part of the deal here on an ongoing basis.

and we certainly at these levels cannot afford to do that if we continue to do that and you know this kind of goes into another conversation that we've had before glad to is that you know central banks around the world who used to be our friends in support of the us being the world's reserve currency used to just buy treasuries as kind of part of the deal here on an ongoing basis.

and we certainly at these levels cannot afford to do that if we continue to do that and you know this kind of goes into another conversation that we've had before glad to is that you know central banks around the world who used to be our friends in support of the us being the world's reserve currency used to just buy treasuries as kind of part of the deal here on an ongoing basis.

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.

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.