Raphael Nam

So the name of the game could be size. Get bigger or get left behind. It's why analysts believe we could see more deals happening over the next few years. It may be the best way to tackle these two seismic changes taking place, the pivot to electrification and the emergence of China.

So the name of the game could be size. Get bigger or get left behind. It's why analysts believe we could see more deals happening over the next few years. It may be the best way to tackle these two seismic changes taking place, the pivot to electrification and the emergence of China.

So the name of the game could be size. Get bigger or get left behind. It's why analysts believe we could see more deals happening over the next few years. It may be the best way to tackle these two seismic changes taking place, the pivot to electrification and the emergence of China.

Thank you, Sarah.

Thank you, Sarah.

Thank you, Sarah.

Good question. A lot of people don't get bonds, but it's actually pretty simple.

Good question. A lot of people don't get bonds, but it's actually pretty simple.

Good question. A lot of people don't get bonds, but it's actually pretty simple.

The way it works is that the government sells bonds to investors We're talking banks, other countries, individual people Think of it as a loan The government needs to borrow money to function And to afford all of its spending These investors are the bank And they're lending their money to Uncle Sam Then Uncle Sam promises to pay back these investors with interest And when bond investors get spooked They demand more interest from the government And that's exactly what's happening now

The way it works is that the government sells bonds to investors We're talking banks, other countries, individual people Think of it as a loan The government needs to borrow money to function And to afford all of its spending These investors are the bank And they're lending their money to Uncle Sam Then Uncle Sam promises to pay back these investors with interest And when bond investors get spooked They demand more interest from the government And that's exactly what's happening now

The way it works is that the government sells bonds to investors We're talking banks, other countries, individual people Think of it as a loan The government needs to borrow money to function And to afford all of its spending These investors are the bank And they're lending their money to Uncle Sam Then Uncle Sam promises to pay back these investors with interest And when bond investors get spooked They demand more interest from the government And that's exactly what's happening now

Well, there are two critical things to the economy that could get worse under a new Trump administration, inflation and the government's finances. Now, let's tackle inflation first. Although Trump has promised to lower inflation, many bond investors believe he could actually do the opposite and take tariffs. Trump is proposing a wide range of tariffs. And the U.S. imports a lot of things.

Well, there are two critical things to the economy that could get worse under a new Trump administration, inflation and the government's finances. Now, let's tackle inflation first. Although Trump has promised to lower inflation, many bond investors believe he could actually do the opposite and take tariffs. Trump is proposing a wide range of tariffs. And the U.S. imports a lot of things.

Well, there are two critical things to the economy that could get worse under a new Trump administration, inflation and the government's finances. Now, let's tackle inflation first. Although Trump has promised to lower inflation, many bond investors believe he could actually do the opposite and take tariffs. Trump is proposing a wide range of tariffs. And the U.S. imports a lot of things.

Clothes, toys, shoes, tech gadgets, you name it. Tariffs obviously make those things more expensive. Trump also wants to cut taxes. For example, he wants to exempt workers in restaurants and other places from paying taxes on tips. All of that could make the country's finances a lot worse. And they're already pretty bad.

Clothes, toys, shoes, tech gadgets, you name it. Tariffs obviously make those things more expensive. Trump also wants to cut taxes. For example, he wants to exempt workers in restaurants and other places from paying taxes on tips. All of that could make the country's finances a lot worse. And they're already pretty bad.

Clothes, toys, shoes, tech gadgets, you name it. Tariffs obviously make those things more expensive. Trump also wants to cut taxes. For example, he wants to exempt workers in restaurants and other places from paying taxes on tips. All of that could make the country's finances a lot worse. And they're already pretty bad.

The budget deficit in the last fiscal year was $1.8 trillion, the third highest on record.

The budget deficit in the last fiscal year was $1.8 trillion, the third highest on record.