Wealthion, Released on 2/7/23

The US has a debt problem. It has grown its debt far faster than the national income for decades. Over time, this has ballooned the annual fees in interest that the US must pay to service its debt. And the recent sharp increase in interest rates is only making these debt service payments more onerous. To add insult to injury, America has once again hit the limit of its debt ceiling. Until that get raised — which we all know will require months of political theatre — the situation will only become more dire. What will the repercussions be? How are things likely to get resolved? And what impact will it all have on the markets? To answers these questions, we welcome market analyst Gordon Long back to the program.

Mr. Long is a former senior group executive with two Fortune 500 international corporations, a principal in a high tech public start-up and founder of a private venture capital fund. He is presently involved in private equity placements internationally along with proprietary trading involving the development & application of Chaos Theory and Mandelbrot Generator algorithms. Gordon’s work can be found here.

Adam Taggart is the Founder of Wealthion. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  debt, Gordon Long, investing, recession