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@TXMCtrades
@alphabetasoup_ -- Relentlessly curious -- I read a lot -- Big mouth -- Student of history -- Bitcoin
๊ฐ€์ž… May 2021
334 ํŒ”๋กœ์ž‰ ์ค‘    94.5K ํŒฌ
If we consider that most recessions cause the deficit to roughly triple we will be looking at 18-20% deficits to GDP in the next downturn. Biblical shit.
Level of collective madness is now unhingedโ€ฆ tariffs and gambling the funding structure are now the required artifice to sustain insane levels of totally useless military spending and just about keep the deficit at 6%. What if a recession hits? Where will the deficit be?
๋” ๋ณด๊ธฐ