The federal deficit has been huge and widening, an unusual occurrence when the economy is booming. I was surprised to find out our debt to GDP ratio has remained mostly flat thanks to low interest rates.pic.twitter.com/rcHGZ2B2gP
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Depends on the type of recession. In a conventional one, debt to GDP will ratchet up as it has over the past 40 years. In the 60s and 70s when we had stagflation, debt/GDP remained relatively flat.
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Japan's central govt debt/GDP is at 200%. So potentially lots of runway before the U.S. encounters problems.pic.twitter.com/yTBjF2bBUb
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