E.J. Antoni, Ph.D.
@RealEJAntoni
America First Economist for @VinceCoglianese, @Heritage, @Comm4Prosperity, @Richzeoli, and @RichValdes; VAMO
Podcast w/ @cmt_anthony
535 Following 91.2K Followers
Another day, another record high, now $40.284 trillion
Yields converging somewhere in the ballpark of 5% on $40 trillion means annual interest expense for the debt is heading to $2 trillion as old debt rolls over and new debt is issued:
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What the average American's weekly paycheck can buy fell ~4% during Biden's term; it had recovered ~2% under Trump before the Iran war but then it declined sharply again; it's rising once more but we're still not back to level from Feb of this year, let alone Jan '21 level:
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These are some of the most sober, judicious, and humble words from a Fed Chairman in at least 4 decades.
