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The election didn't fix a thing
(Kitco Commentary) - The votes are counted, the confetti has been swept up, and the talking heads have declared the economy healed. Debt? Eliminated. Bubbles? Gone. If you believe that, please read no further.
For everyone else, let me be clear: the election fixed the political scoreboard, not the balance sheet. I believe the Democratic sweep virtually ensures that economic growth will falter by the time 2027 rolls around. Allow me to show how we got into this predicament and why the comeuppance is both inevitable and imminent.