Money For the Rest of Us27 Sep 2023

The House of Cards: Evaluating Economic and Financial Warning Signs

What are the economic and financial system early warning signs that we should heed rather than get caught up in fearmongering? When should we start to worry about ballooning budget deficits, the national debt, a currency collapse, or the stock market?

Topics covered include:

Signals to monitor to see if things are falling apart
How much government debt is too much and why interest rates are key
Why central banks don't control the stock market
Why the dollar remains dominant, and what has to change for it to plummet in value

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Show Notes

The Dawn of Everything: A New History of Humanity by David Graeber and David Wengrow—Macmillan

How Much Is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random House

U.S. National Deficit—Treasury.gov

Budget and Economic Data—Congressional Budget Office

Japan's growing debt mountain: Crisis, what crisis? by Andrew Sharp—Nikkei Asia

The Dollar: The World’s Reserve Currency by Anshu Siripurapu and Noah Berman—Council on Foreign Relations

Currency Composition of Official Foreign Exchange Reserves—International Monetary Fund

Total credit to non-bank borrowers by currency of denomination: US dollar—BIS

Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times

Revisiting the international role of the US dollar by Bafundi Maronoti—BIS

Related Episodes

404: Why Is the U.S. Dollar So Strong? Will It Continue?

416: Your Nation’s National Debt: 5 Things You Need To Know

433: What Happens If The U.S. Defaults On Its Debt? Here’s Why It Won’t

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