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TheStalwart's profile
Joe Weisenthal
Joe Weisenthal
Joe Weisenthal
@TheStalwart

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Joe Weisenthal

@TheStalwart

Co-host of the Odd Lots podcast.

New York City
bloomberg.com/OddLots
Joined March 2008

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    Joe Weisenthal‏ @TheStalwart 11 Sep 2020

    The US national debt burden is the lowest its been in 50 years https://www.bloomberg.com/news/articles/2020-09-11/america-s-20-trillion-debt-pile-is-getting-cheaper-as-it-grows?sref=c6nJQHoc …pic.twitter.com/xeMNWSKcLo

    8:00 AM - 11 Sep 2020
    • 148 Retweets
    • 501 Likes
    • Lucas Hahn #StopAsianHate #TweetForTaiwan 〈Lacci|🌺|☢️🐇〉 Shuan Rose🇯🇲🌎🇺🇸 Derrick Bilderbeek Tradewatch11 Noa Kt 🇨🇺 🇺🇸 🇨🇦 🇧🇪 Kevin 🎉🎊 Mike Iufer
    46 replies 148 retweets 501 likes
      1. New conversation
      2. Ivan the K™  🎃‏ @IvanTheK 11 Sep 2020
        Replying to @TheStalwart

        Define "burden"

        2 replies 1 retweet 1 like
      3. Joe Weisenthal‏ @TheStalwart 11 Sep 2020
        Replying to @IvanTheK

        The cost of servicing it

        1 reply 1 retweet 4 likes
      4. Show replies
      1. New conversation
      2. Kip OnMSFT‏ @kipkniskern 11 Sep 2020
        Replying to @TheStalwart

        The debt is way higher, but since the economy has tanked interest rates are lower, woohoo!

        2 replies 0 retweets 18 likes
      3. Basic Bitcoinomics‏ @Bitcoinomics101 11 Sep 2020
        Replying to @kipkniskern @TheStalwart

        So much goodness.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. barry‏ @barrydabear1 11 Sep 2020
        Replying to @TheStalwart

        Lol that's some next-level spin right there.

        1 reply 0 retweets 19 likes
      3. Monetary Wonk‏ @MonetaryWonk 11 Sep 2020
        Replying to @barrydabear1 @TheStalwart

        No, it’s actually the stat that matters. Looking at debt absent the interest rate makes zero sense

        0 replies 0 retweets 18 likes
      4. End of conversation
      1. R. Christopher Whalen‏ @rcwhalen 11 Sep 2020
        Replying to @TheStalwart @SamRo

        Especially when the @federalreserve is monetizing much of the interest expense. The actual cost does not matter when Uncle Jay is buying drinks for the house.....

        0 replies 1 retweet 9 likes
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      1. New conversation
      2. Johnny  🦓‏ @johnnygbx1 11 Sep 2020
        Replying to @TheStalwart

        So why is it wrong now to associate the family budget and debt servicing with the US national debt?

        1 reply 0 retweets 0 likes
      3. Mononokeynes‏ @Mononokeynes 11 Sep 2020
        Replying to @johnnygbx1 @TheStalwart

        Because while you can issue "johnny bucks" probably no one will accept them. The gov on the otherhand...

        1 reply 0 retweets 5 likes
      4. Show replies
      1. New conversation
      2. Nifty Fifty Capital‏ @RealNiftyFifty 11 Sep 2020
        Replying to @TheStalwart

        This is like a credit card company lowering your interest rate and minimum payment, while you are continuing to rack up a huge balance, and then arguing that the burden of debt has never been lower. Technically true but an awful way to run policy, since rates will eventually rise

        4 replies 0 retweets 14 likes
      3. Bill  🦉‏ @TxEx 11 Sep 2020
        Replying to @RealNiftyFifty @TheStalwart

        Nothing like that. Common error though.

        0 replies 0 retweets 0 likes
      4. End of conversation

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