Pla2na
Intro
Elon Musk called it a “disgusting abomination.” I want to take a more measured approach and describe it as “a huge fiscal expense that should have been avoided.”
In recent years, there has been increasing talk of the
One, Big, Beautiful... Default
Summary
- The OBBBA exacerbates US fiscal deficits, favoring tax cuts for the wealthy while reducing support for low-income Americans, worsening social inequality.
- Rising debt and interest expenses threaten long-term US fiscal sustainability, with interest payments projected to consume a quarter of federal revenue by 2034.
- Current market optimism ignores looming debt risks; high interest rates persist due to bond market distrust of US fiscal policy and lack of deficit reduction.
- Despite these concerns, I maintain a steady US investment approach, monitoring for when debt pressures force a market reckoning and exploring century bonds as a potential solution.
Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 27 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public portfolio. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I realized that it was not my path: too many charts, lines, and not very concrete concepts for a pragmatic person like me. I needed something different and that I found in fundamental analysis. It is a totally different approach and one that evaluates the actual results achieved by a company rather than the candlesticks made by its price per share. That was the turning point for me and I have not stopped learning ever since. I mainly invest in stocks and ETFs; I prefer US companies but I often analyze European or Chinese companies as well. Being young, my investments typically have a very long-term view; I often take a contrarian view.Seeking Alpha is a way for me to express my opinion and meet new people. My articles are intended as pure entertainment and I hope you will find them interesting.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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