Luke Gromen On U.S. Government Running Deficits As A Long-Term Problem
b'Some indices are currently at 14-month highs. Luke Gromen says that there is excitement about A.I., which is driving the Nasdaq-100 higher. More broadly, there seems to be incremental liquidity with the Federal Reserve raising interest rates. Gromen also states that interest disbursements into the economy are substantial. There is about $31T in debt with a 5% interest rate, which equals $1.5 in interest. This is 8% of the GDP.'