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
Biden Budgets Challenge Agency That Kept Predicting Deficit Doom
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