Earn Your Leisure

In this episode of EYL, Rashad Bilal, Ian Dunlap, and Troy Millings dive into the recent news that the US Treasury will be borrowing a staggering $776 billion in the final three months of this year. This announcement comes on the heels of the government's projection of a $1.7 trillion budget deficit for fiscal year 2023. The hosts discuss the implications of this massive borrowing on the stock market and the overall economy.Ian Dunlap is not one to mince words, as he delivers a stark assessment of the situation. He expresses his concerns about the country's mounting debt and how it is negatively impacting our geopolitical standing. He believes that our aggressive approach has resulted in us being viewed as bullies in the eyes of the world. With the bond market in shambles and the small-cap market destroyed, Dunlap paints a bleak picture of the future.Troy Millings provides some context to help viewers better grasp the gravity of the situation. He explains the relationship between bond yields and price