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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How'd the US work the WW2 debt off? Growth? Why was it bad for bond holders? Today we're an older country, with higher rates of corporate, state, and local debt. Might not be so easy this time around.pic.twitter.com/47beDEu69s
I'm no macroeconomist and I don't trust them anyways. It seems to me that we've had huge inflation in this country, that has been kept in check by outsourcing to cheap Chinese labor. We won't be able to do that at the same rate going forward.
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There's been a richening in asset prices, but that's part of a secular shift toward more savings (and falling interest rates), probably due to an aging population.
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Of course, hasn't just been in asset prices. Education, housing, and healthcare have all greatly outpaced CPI. Correct me if wrong, but we've also had a big increase in money supply.
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