What's the organic state of the economy without stimulus checks & permanent QE & a $4 trillion deficit?
— Sven Henrich (@NorthmanTrader) March 26, 2021
The weak U.S. economy is now more reliant than ever on the stronger economies of its trading partners. The merchandise trade deficit in Feb. surged to a record $86.7 billion from an upwardly revised $84.6 billion in Jan. While imports did fall by 1.4% exports collapsed by 3.8%.
— Peter Schiff (@PeterSchiff) March 26, 2021
President Joe Biden’s administration appears relaxed about running large budget deficits, but for one government agency that’s usually been a cue to start sounding alarms. The nonpartisan Congressional Budget Office –- whose job is to evaluate how new legislation will affect the public finances — finds itself in a tough spot as Biden prepares to announce…
Interesting chart: Countries with the highest fiscal "stimulus" are also the ones with weaker growth. pic.twitter.com/RsLhn3FK51
— Daniel Lacalle (@dlacalle_IA) March 26, 2021
Mortgage rates keep going up. Housing is on borrowed time pic.twitter.com/CjSQtswmKJ
— Gianluca (@Theimmigrant84) March 26, 2021