In recent years, stock market swings have become a more reliable predictor of tax receipts than the economy, itself. If both were to roll over, deficits in the “teens” as a share of GDP—and Fed efforts to deal with them—are unavoidable.
Oct
06
2023
Can The Treasury Afford A Recessionary Bear?
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![Doug Ramsey / Chief Investment Officer & Portfolio Manager](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_3768_LR_Doug.jpg?h=150&w=150&fit=crop&fp-y=.15)