Federal Outlays
Oct
06
2023
Has The Tsunami Of Stimulus Been Worth It?
Federal outlays, federal debt, and M2 have each jumped ~50% in five years, while the Fed’s balance sheet soared by 90%. The “reward”: Real GDP cumulative growth per capita of 1.6% per year (a good chunk of which will be reversed during a recession).
current issue
featured articles
- Technical Cracks
- A “Churn,” And Then A Turn?
- Active/Passive Update Q4-2024
- Leuthold Portfolios Update - January 2024
- Research Preview: Selling Calls In An Extended Bull Market
- Bear Steepening In An Easing Cycle—Nothing To Lose Sleep Over
- Inflation And The Housing Market
- Valuations: Small Cap Vs. Large Cap
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