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Oct 06 2023

Has The Tsunami Of Stimulus Been Worth It?

  • Oct 6, 2023

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).


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager