During Powell’s interview in Dallas yesterday, it was shocking to hear the Fed say that it is only the path of debt growth that is unsustainable, not the level of debt.
Maybe more alarming of the job statistics is that as many as 40% is new jobs under Biden were government jobs. They add nothing to GDP and take 2 private sector job to pay salaries and benefits. Plus most of them can’t be fired or laid off in a downturn.
Allan
Maybe more alarming of the job statistics is that as many as 40% is new jobs under Biden were government jobs. They add nothing to GDP and take 2 private sector job to pay salaries and benefits. Plus most of them can’t be fired or laid off in a downturn.
Trey