TSXV:NFG - Post Discussion
Post by
nozzpack on Jun 28, 2024 4:49am
Extremely Weak US GDP in Q1 2024…1.4%
Actually it's worse than that.
US GDP includes Govt Spending .
That has increased by 8% so far in 2024 (
https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/ )
In other words, the US economy is being propped up by Govt spending .
Even worse, this is being done by large deficits .....debt...which is running at $1 trillion every 100 days.
This of course cannot be sustained, as debt interest payments begin to cut into and reduce net Govt spending.
Someone has placed a large bet that the FED will cut interest rates by 300 basic points by early 2025.
I like the odds..
AIMHO
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