An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
If the deficit is shrinking maybe they are less vociferous now? Question is: which is the quality of the GDP growth and it's sustainable?
My answer would be: "low quality" and "no", but this could last a few more months years. If the GDP growth starts to shrink (and it will) and the deficit starts to rise again there will be a new 'debt crisis' and asking for less govt spending.
Reserves are bouncing off the 2.8T level, trade balance eased, Feb's U6rate is down to 11.4 and data so far suggests it will blow through the Nov. low of 11%.
3 comments:
But the deficit is shrinking!!
What is the debt doomsday people saying there?
If the deficit is shrinking maybe they are less vociferous now? Question is: which is the quality of the GDP growth and it's sustainable?
My answer would be: "low quality" and "no", but this could last a few more months years. If the GDP growth starts to shrink (and it will) and the deficit starts to rise again there will be a new 'debt crisis' and asking for less govt spending.
Reserves are bouncing off the 2.8T level, trade balance eased, Feb's U6rate is down to 11.4 and data so far suggests it will blow through the Nov. low of 11%.
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