Scary times, for sure.

Consider:
1) The majority of the stimulus money has been spent.
2) Interest rates are rising and consumer debt is extremely high.
3) US debt is $36T and rising. We were never going to pay it off but I thought we could service the debt. Now, that number is mind chilling at these rates and the debt is bound to rise.
4) Foreign countries could very well dump our treasuries in unison which is what Bessent seems concerned about.
5) Tariffs, though transitory, may well increase inflation.
6) Congress is paralyzed with half of the country actually cheering for the economy to fail so they can regain power. Same when the other party was in control.


What is a 70 year old retiree in relative good health supposed to do?

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