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Source Data:
St. Louis Fed: Capacity Utilization: Total Industry
November 22nd COVID Update: COVID in Wastewater Continues to Decline
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[image: Mortgage Rates]Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
For deaths, I'm currently using 4 weeks ago for ...
5 hours ago
3 comments:
I suspect that later this decade the PTB are going to go full Money Drop on the economy.
Probably in the form of tax cuts, cutting the tax burden 20% across the board again, and let the deficit do what it will.
Yes, having lived in Japan in the 1990s, I've seen this movie before.
http://research.stlouisfed.org/fred2/graph/?g=s7P
blue is GDP
red is debt held by the public (less Fed).
Gross debt includes the SSTF etc, but we'll just print to pay that too.
Hmm. "Print to Pay", I should trademark that.
The bottom line is that The System needs a larger nominal economy by 2030, and 1980s style (a bit of teeth) inflation would do a lot of people a lot good.
http://research.stlouisfed.org/fred2/series/GGGDTAJPA188N
Japan's Debt-to-GDP arc.
http://research.stlouisfed.org/fred2/graph/?g=s7Q
last graph with the US added.
Gross debt is misleading, since both the BOJ and the Fed have presses and the will to use them.
In fact, it's a form of competition, who can print more.
MMT for the (mumble mumble)
Troy,
I suspect that later this decade the PTB are going to go full Money Drop on the economy.
In fact, it's a form of competition, who can print more.
This quote seems oddly appropriate for some reason, lol. Sigh.
Gallows humor.
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