Episode #128
The $1.7 Trillion Stimulus Nobody Is Talking About
MEMBERSHIPS Become a premium member on YouTube and Spotify for early access and bonus content. Join now! DISCUSSION Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2FkEPISODE EPISODE In this episode, Douglas Paget, a macro researcher and founder of Applied MMT, shares his insights on modern monetary theory, the current macroeconomic landscape, and implications for markets and policy. We explore how government spending, interest rates, and fiscal policy influence the business cycle and asset prices. Follow Douglas Padgett https://x.com/mmtmacrotrader SUPPORT ⚡️LNMS on Lightning: lnms@ln.mtpelerin.com ₿ BTC-Address: bc1qmk7gfdnrdegnmnrtnacj6rslan0y6v29kdlf9p https://buy.stripe.com/9B600k5Tscv33Ue4zRdby00 Twint: https://go.twint.ch/1/e/tw?tw=acq.Z7L1opJwS72nbGgEMY4w3ILkf67JAEyEFmXrtoKoUbONWSsjLDDQIhNx5ReanPy7. LINKS LNMS Newsletter: https://lessnoisemoresignal.substack.com/ LNMS on Apple: https://tinyurl.com/4apksnyn LNMS on Spotify: https://tinyurl.com/ttha8kku LNMS on Rumble: https://tinyurl.com/4k96c7tw LNMS on Fountain: https://tinyurl.com/5dsbbj5p LNMS Website: https://www.lessnoise-moresignal.com/ Bitcoin Book: https://www.amazon.de/dp/1967693013 LNMS on YouTube: https://tinyurl.com/4jfhr4zn SOCIALS Follow on X https://x.com/pahueg Follow on Nostr https://primal.net/pascal Follow on LinkedIn https://www.linkedin.com/in/pascal-huegli/ CHAPTERS 00:00 Intro 02:16 The mechanics of government borrowing and spending laws 07:21 The influence of government and fiscal policy on the business cycle 10:28 Historical context of fiscal deficits and economic growth 15:12 Asset allocation: stocks, bonds, and commodities in macro context 16:10 The role of the Fed and market expectations on yields 20:26 Control over the yield curve and interest rates 22:16 Japan's rate policy and implications for the US 24:36 The income channel and its effect on the business cycle 27:01 Policy tools to influence long-term interest rates 29:42 The trade-off between low rates and economic growth 32:08 Implications of high government spending and inflation 35:01 Market signals, flow dynamics, and seasonality effects 37:47 Short-term macro outlook and risks to assets 40:08 Seasonality, fiscal cycles, and market stability 43:24 Inflation, oil prices, and the real economy 45:02 The impact of technological innovation and productivity 47:23 Philosophical and political considerations of macroeconomic policy 49:23 Historical lessons from deficits, bubbles, and crises 50:23 Closing remarks and investment strategies in macro context Disclaimer The publications on this website and in these videos, including any references and links, are provided for information purposes only and do not constitute investment advice, investment analysis, or an offer or recommendation to buy or sell financial instruments. They do not replace investment or other professional advice. The information reflects the state of knowledge at the time of preparation and may be changed at any time without notice. The content is intended for natural people only. No liability is accepted for the accuracy, completeness, or timeliness of the information provided, its sources, or for any resulting losses or damages. Liability for slight negligence is excluded. Marketing communication. Not investment advice. Investing involves risk. Transactions in Bitcoin may result in the total loss of the capital invested.
