In an Election Year, This Oft-Ignored Metric Matters
Alex Moschina|February 3, 2024
The Fed may have gotten all the press this week but, as Shah wrote in yesterday’s Total Wealth, there was another major event in the financial world…
The U.S. Treasury Department’s quarterly refunding announcement.
Hey, wake up!
This stuff is important… especially in an election year.
For the moment, debt actually matters. And the amount our government borrows to finance its operations has the power to impact not just bond yields but even mega-cap stocks.
It’s a phenomenon you need to be aware of. Especially as we move further into an already contentious election cycle.
Both political parties (there are only two, right?) are sure to be throwing plenty of jabs back and forth over debt and deficits.
In fact, the jabs are already flying.
It’s a rare moment in the sun for the notion of fiscal responsibility…
A moment that will no doubt be fleeting.
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Alex Moschina is the associate publisher of Manward Press. A gifted writer, editor and financial researcher, Alex’s career in publishing began more than a decade ago when he worked at one of the world’s leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.