How can the US govt default when its debt is denominated in USD and it can print money? It might have been helpful if the commentator predicting default had explained that. Maybe she meant that investor demand for US govt debt will reduce and interest rates will rise. Perhaps, but that's not default.
Looks like wind and solar are massively flattening off to me at 14:28. I notice nuclear remains similar proportions into the future, who provided the data, Chris Bowen?
Why? It was a factual point and his plans in a future presidency are for tariffs on imports to solve all problems, which is dumb economics. It’s a valid point.
Kelly Wood talks about US debt to GDP being more than 100%? Japan's Debt to GDP ratio hit 500% around 1994 and its still there. Officially China's debt is @ 300%, unofficially they produce multiple notes with the same serial number to hide the fact that its likely in excess of 600% plus! So, if you're going to talk about a global economic meltdown you need to look to China collapsing with Russia snapping at its heels. After 5 minutes of this drivel I’m moving onto item 2; the US is going to have more growth in the next 10 years than in the last 10.
