Hugh Hendry joined us for over an hour earlier this year in what was an amazing conversation about markets, inflation, the U.S. debt and U.S. debt ceiling issue, and how and why the Magnificent 7 stocks are dominating the market, as well as asset allocation ideas, bitcoin, and Apple. Often, in longer conversations like this one was, so many different things get covered, such as why this debt ceiling issue continues to persist every couple of years. Over the next couple of weeks we will unpack some of the treasures from that conversation.
Today, please enjoy the first in this series, Hugh Hendry's perspective on the Debt Ceiling issue, why it persists, and how the U.S. could do away with it.
How to make the debt ceiling problem disappear (4:50 mins)
You can listen to the full and fascinating conversation from mid-year here.
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