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>Debt to GDP has actually been declining since Q2 2020 and sits at ~125%. I don't understand how this argument can be made in good faith. Q2 2020 GDP was down
by QuarterReptile 5y ago
>Debt to GDP has actually been declining since Q2 2020 and sits at ~125%.
I don't understand how this argument can be made in good faith. Q2 2020 GDP was down over 9% (32.9% annualized.) That that trend was transitory is shown by the 33.4% annualized growth the following quarter.
You didn't just draw a trend line from an outlier. You drew it from the single most extreme outlier in the recorded history of US GDP.