In Q4 2023, nominal GDP grew by 3.2% according to data this ...
In Q4 2023, nominal GDP grew by 3.2% according to data this morning.
This would mean a $334.5 billion increase in nominal GDP.
Meanwhile, over the same time period the US added $834.2 billion of debt.
In other words, it cost us $2.50 of debt for every $1.00 of GDP last quarter, according to Zerohedge.
As Fed Chair Powell recently said, "we are on an unsustainable fiscal path."
What's the long term plan here?
This would mean a $334.5 billion increase in nominal GDP.
Meanwhile, over the same time period the US added $834.2 billion of debt.
In other words, it cost us $2.50 of debt for every $1.00 of GDP last quarter, according to Zerohedge.
As Fed Chair Powell recently said, "we are on an unsustainable fiscal path."
What's the long term plan here?
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GuruGuruGulu : the money all went to the stock market