The Impact of Debt on Growth in the Economy

The Dividend Cafe

The Dividend Cafe - The Bahnsen Group

Business, Estate Planning, Wealth Management, Monetary Policy, Macro Economics, Dividend Growth Investing, Retirement Planning, Investing

4.9 • 572 Ratings

🗓️ 23 June 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's Post - https://bahnsen.co/3CKX1o6

I gave a speech this week at a large economic symposium where I am blessed to lecture every summer. My talk tackled many of the themes I write about all the time in the Dividend Cafe – the impact of excessive indebtedness on macroeconomic conditions, the comparison of pre-GFC Japan with post-GFC America, the diminishing return of fiscal and monetary policy to impact the business cycle, etc.

This week’s Dividend Cafe takes all these themes and lessons of so many Dividend Cafe bulletins and puts them together the way I presented them at my speech this week.

And most of all, I have tried to incorporate some suggestions of what could change it all – not what will change it all, but what could.

So jump on into the Dividend Cafe. From Grand Rapids, Michigan, to the Big Apple, Japanification is real. And the impact of debt on growth is the most misunderstood or ignored economic

Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

Transcript

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0:00.0	Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life.
0:12.2	Well, hello and welcome to this week's Dividendon Cafe being recorded here from beautiful Grand Rapids, Michigan.
0:20.1	I've been attending an economic symposium all week, and I actually gave a speech, and I decided
0:27.4	to turn that speech into the subject of the Dividendon Cafe.
0:31.3	The interesting thing for those of you who do listen to or watch or read the Dividendon Cafe a lot is that all of these
0:40.4	topics I cover quite frequently, not necessarily always conflated into one addition like we're
0:47.2	going to do today. But I think that there is a lot of overlap of topics I talk about a lot.
0:53.8	And the reason is that that overlap is a lot of overlap of topics I talk about a lot, and the reason is that that
0:55.2	overlap is essentially the various components and ingredients of our economic worldview.
1:03.1	And what I mean by that are not the first principles that drive how I think about economics at
1:08.9	large, but what I mean is that our contemporary economic
1:12.8	worldview in terms of what we think we're living through, what we think we're the moment in
1:18.4	time that we're in now. And so I'm more interested in using the Dividend Cafe for things like
1:27.4	that than I am using it for issues that might be more granular, more specific.
1:35.0	But we're always going to cover a whole host of different issues. But it just occurred to me that the speech I gave this week happened to be kind of perfect in terms of what I want the
1:46.1	Dividing Cafe to be about. And that is summarizing for you the big picture of this moment
1:51.8	that we're going through. And of course, one of the cornerstones of the moment we're going
1:55.8	through right now is the indebtedness that the world economy is in, and particular the moment that the United States is going through.
2:06.4	That's what is of most relevance to us is the impact of a very high level of absolute debt and a very high level of debt relative to the size of our economy
2:19.7	that the U.S. is currently going through.
2:21.9	And so, of course, those of you listen to a cafe or read it frequently know my term
2:27.2	Japanification and what it sort of references.
	...

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