New tariffs are expected to increase prices on both domestic and imported goods, further slowing the U.S. economy. This comes at a time when the economy was already weakening, despite being propped up by nearly $11 trillion in government borrowing and spending over recent years. Inflation is likely to remain high, which could keep interest rates elevated even as economic growth slows. The economy faces significant challenges, including potential negatives from tariffs and trade wars, ongoing inflation, high fiscal deficits, and volatile asset prices. These issues add to the turbulence caused by geopolitical factors. The U.S. has been at a critical crossroads, with the long-term health of the nation and the global democratic order at stake.
Glenn
@GlennLuk
·
Apr 1 SAFE reported its latest balance of payments (BoP) figure. Here’s the updated breakdown of the BoP into its key component parts.CA surplus is running at 2.1% of GDP, of which ~0.9% is accounted for by est. income on foreign reserves and lending.
Chef Andrew Gruel
@ChefGruel
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Feb 10 If I owned a restaurant that grossed 20 million and lost 2 million each year, and another that grossed 2 million but profited 400k each year, the lower grossing restaurant would have a higher valuation. California’s real debt is probably 4.2 trillion.
✪ Evil Te𝕏an ✪
@vileTexan
·
Jan 8 Reminder that California had a $100 Billion surplus when Gavin Newsom took over as Governor, after 4 years of hard work they’ve now got a $73 Billion deficit.Not a single reservoir was built.
The High Speed Rail isn’t functional.
Nick Jay
@Nick_Jay_D
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Apr 4 Can we disconnect economically from CA as well?It has a $1 trillion in unfunded long-term liabilities PLUS a $2 billion budget deficit and $158 billion in operational debt.
well_actually,
@wellactuallyaf
·
Apr 1 $0.5T debt on $4T is a better debt:GDP than the US. Not saying it’s a good thing but it’s also not that far off from most states. Plus California is a net tax contributor to the Fed govt.+$83B in 2023.
Steven Zawalick
@StevenZawalick
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Apr 3 So are you advocating for the current path? We owe $36,679,617,089,128 as of today. That’s $323,048 per taxpayer. Democrats have no answers. No attempts to resolve this.https://usdebtclock.org
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