I know…the truth hurts (because Biden rarely tells the truth)
The government is running a budget deficit of roughly 7% of GDP--what we used to see in recessions, not in bull markets. The more the Fed hikes rates, the worse the deficit gets, thanks to higher interest payments.
The government is running a budget deficit of roughly 7% of GDP--what we used to see in recessions, not in bull markets. The more the Fed hikes rates, the worse the deficit gets, thanks to higher interest payments.