And yet, just over a month ago, the same CBO released their report projecting a $1.5T deficit for the entire year. At this rate, the deficit will be $2.2T, a 47% overshoot and even higher than the projected deficit in 2031.
And yet, just over a month ago, the same CBO released their report projecting a $1.5T deficit for the entire year. At this rate, the deficit will be $2.2T, a 47% overshoot and even higher than the projected deficit in 2031.
@jameslavish Maybe they will slow down in the second half to get closer to the base line... what odds would you put on that happening?
@jameslavish Your newsletter on ISDA was excellent. From someone who does commercial loan review, I think the reserves and what is deemed risk free is more alarming. But combined, we could be in for a disastrous scenario play out when recession truly hits.
@jameslavish an unaccountable federal government overspending….what could go wrong?