The Debt Ceiling Deal Is No Good

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The Gen Z Economist Show

The Gen Z Economist

26 episodes

5 days ago

As a member of "Gen Z" I believe that our generation, like those before us, have been done a great disservice by the public education system. Many people graduate high school and college without learning how to manage their personal finances or even how to file their taxes. My goal is to provide people of all ages information that will positively effect their financial futures while exploring economic principals.

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The Debt Ceiling Deal Is No Good

The Gen Z Economist Show

18 minutes 46 seconds

2 years ago

The Debt Ceiling Deal Is No Good

Happy memorial day! In this episode we explore the tentative arrangement between President Joe Biden and Speaker of the house Kevin McCarthy. Overall the debt ceiling deal is not good for the American people or the world as a whole. The free market is predicting that this arrangement will likely not pass congress through the price of US debt default swaps.

You can checkout the price of US debt default swaps at the following links: http://www.worldgovernmentbonds.com/cds-historical-data/united-states/5-years/