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Let's check on this fight. The USA is in recession: https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/united-states/gdp-growth
by incomingpain 4y ago
Let's check on this fight.
The USA is in recession: https://tradingeconomics.com/united-states/gdp-growth https://tradingeconomics.com/united-states/gdp-growth
Inflation is getting better? Relatively speaking? https://tradingeconomics.com/united-states/inflation-cpi https://tradingeconomics.com/united-states/inflation-cpi
Probably about 1.5-2 years before inflation is controlled again.
Debt to GDP is getting worse and is beyond the limit: https://tradingeconomics.com/united-states/government-debt-to-gdp https://tradingeconomics.com/united-states/government-debt-t...
They did stop the unfunded deficit spending, obviously still deficit spending: https://tradingeconomics.com/united-states/money-supply-m2 https://tradingeconomics.com/united-states/money-supply-m2
Incidentally it looks like they have decided not to reduce and simply flatten. So it'll likely push closer to 4 years of inflation? Well no, an election will arrive before that.
Private debt climbing: https://tradingeconomics.com/united-states/private-debt-to-gdp https://tradingeconomics.com/united-states/private-debt-to-g...
So yes, pretty much we know what will happen for the next few years.