The US government is spending as if we are in a crisis:
US government expenditures as % of GDP just hit 43%, matching levels seen during the 2008 Financial Crisis.
To put this into perspective, spending as a % of GDP is just 1% below World War 2 levels.
Even at the peak of World War 1, US government spending as a % of GDP was 20 percentage points LOWER.
Meanwhile, the Fed continues to call for a soft landing and economic data is "strong."
This is a crisis.
To put this into perspective, spending as a % of GDP is just 1% below World War 2 levels.
Even at the peak of World War 1, US government spending as a % of GDP was 20 percentage points LOWER.
Meanwhile, the Fed continues to call for a soft landing and economic data is "strong."
This is a crisis.
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Some famous words of Buffett. I hope it's useful to you. : )
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areecep OP : Endless spending and low interest rates resulted in 40-year high inflation.
Now, over half of American adults believe we are in a recession.
Even with endless deficit spending, consumer sentiment is horrible.