🇺🇸 US Real Gross Domestic Income -0.1% YoY.
In #recession territory with a perfect track record!
H/t: @GameofTrades_ pic.twitter.com/WUyY6GN0vR
— Alex Joosten (@joosteninvestor) February 23, 2024
My point exactly.
Since 2000, US real GDP increased +60% with industrial output flat. All growth from services — healthcare, rent, education etc — which more than doubled.
Has healthcare, housing and education gotten twice as good since 2000?
— Doggy Dog (@DoggyDog1208) March 22, 2024
Deficit spending is on track to hit nearly 28% of GDP by 2050.
Meanwhile, Federal revenue will be just ~19% as US debt levels are skyrocketing.
At the current pace, the US deficit for this fiscal year will cross $3 trillion, nearly double the $1.6 trillion deficit that Congress… t.co/7XKhg02P23 pic.twitter.com/juDxNl6dY8
— The Kobeissi Letter (@KobeissiLetter) March 11, 2024