Direction of Deficit

For the record, EVERYBODY is 100% long on deficit going up... and I mean EV-ER-Y-BOD-Y is long the deficit.

These Peterson people are saying it is going back to $1T:

Kick of the New Year with #NEC's first event of 2018: Marc Goldwein (@MarcGoldwein ) speaks on "The Return of Trillion Dollar #Deficits". Register here: https://t.co/k6UZQwC0zr

— Natl Economists Club (@NatlEconClub) December 27, 2017

This level of conviction is the same as the position taken in the face of Fed doing the QE was going to cause inflation back in 2009-2010 timeframe.

Even if the deficit just stays the same they will all be discredited.