In the clip above from The Macro Show, Hedgeye Demography analyst Neil Howe explains the flaws within the CBO’s economic projections, specifically on interest rates and foreign creditors of the U.S. Dollar.
"How long will foreign creditors keep helping us out? The U.S. net international investment position relative to U.S. GDP is a trend – and it does not look good. We're borrowing heavily from the rest of the world to keep ourselves afloat," explains Howe, as he dives into the issues facing the American economy over the next few decades (as demographers do, he notes).
