Wow! With another USD 1.5 trillion in fiscal #stimulus the US budget #deficit could reach a staggering 27% of #GDP this year, more than during WOII.

Wow! With another USD 1.5 trillion in fiscal #stimulus the US budget #deficit could reach a staggering 27% of #GDP this year, more than during WOII. ht @SoberLook pic.twitter.com/IuA8pRY9Fk
— jeroen blokland (@jsblokland) August 18, 2020

The debt spiral the US, China, Japan, & the EU are in all stems from this simple realization (productive vs unproductive debt)👇Central banks ignore this reality and the need for structural reform + encourage even more Debt, more QE, more 0% / neg rates which solves nothing🤦‍♂️🤔 pic.twitter.com/wvNooZ73iR
— M/1_LP (@MI_Investments) August 17, 2020

Who other than the Fed owns treasuries? pic.twitter.com/WtGsrwrCKx
— Win Smart, CFA (@WinfieldSmart) August 11, 2020

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