Are markets ignoring a possible default? (VIDEO)

by Austin Petersen

If Jimmy Choo shoes go on sale from $500 to $400, it doesn’t mean I can afford to go out and buy them.

Libertarian Republic contributor Heather Hughes appeared on CNBC to discuss whether or not investors are ignoring the possibility that the U.S. might actually default. She thinks that investors don’t believe the feds are stupid enough to allow it, but that they are playing a game of “DC roulette”.

The US is taking in 250 billion a month and our obligations are 25 billion. So the US is bringing in more revenue than is outgoing which means there’s no risk of a technical default, but there may be a perceived one.

From Heather:

The question is not if we can pay down our debt, rather can we afford to pay our interest payments at this rapidly increasing rate?  When will the bloated spending end? I wish we could get our act together down here in Washington, the Redskins too!

Stocks erase losses on hopes of debt deal:

 

heather (1)Bio: Heather Hughes is an institutional financial sales executive as well as a lover of liberty and the free market. She is a weekly contributor to The Libertarian Republic and an expert on money and the marketplace.

Follow Heather’s reports here. 

 

Austin Petersen is a homegrown Missourian with a lifelong passion for liberty. He grew up on a horse farm in Peculiar, Missouri and went on to attend Missouri State University, graduating with a degree in the Fine Arts. After developing a career in media in both New York City and Washington, D.C., he returned to Kansas City, MO, the city he now calls home. In 2016, Petersen appeared on the national stage as a candidate for president of the United States. He took second place in the crowded Libertarian primary behind Governor Gary Johnson and ahead of cyber security maverick John McAfee. During his campaign, Petersen earned many high-profile conservative endorsements, including Mary Matalin, Erick Erickson and Leon Wolf of RedState.com. Petersen also brings decades of professional experience in a wide variety of fields, from content production and media to business and political activism. He is the owner and chief executive of Stonegait LLC, a consulting firm specializing in photo and video services. He was also the director of production at FreedomWorks and an associate producer for Judge Andrew Napolitano’s show “Freedom Watch” on the Fox Business Network. Additionally, Petersen has a national following as a commentator and professional pundit. He is the founder of The Libertarian Republic, a powerful online news source for the public that receives an average of 1 million unique visits monthly and whose podcast, The Freedom Report, receives an average of one million monthly downloads. He is also a frequent contributor on television, appearing on Fox News, Fox Business, CNN, MSNBC and on dozens of local radio shows.