Simply Unsustainable! GDP Grew By $182.6 Billion While Public Debt Grew By $834 Billion In Q4 (Public Debt By 4.5 Times GDP Growth)

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, C&I, CDS, CMBS, CRE, Credit, ECB, Economy, Existing Home Sales, fannie mae, Fed, Freddie Mac, GDP, Gold, Housing, Inflation, Mortgage, New Home Sales, Pension, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen 1 Minute

Biden and Congress’ insane spending and debt issuance are simply unsustainable.

Isn’t it wonderful to be 81 years old like Biden and a have a credit card with seemingly no credit limit? And partner with other octogenarians like Pelosi and McConnell to bankrupt the US? Free-spending US Senate Demagogue Democrat Chuck Schumer is only 73. But all these elderly politicians are heaping debt on to backs of younger Americans.

The “surprise” Q4 GDP report showed GDP rising by $182.6 billion. Unfortunately, Biden had to borrow $834 billion to get $182.6 in GDP.

Graphically, we can Biden’s folly where Q4 public debt grew almost 5 times faster than real GDP.

Published by confoundedinterest17

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