Merril Lynch: Deficits and the Dollar: An Inflection Point
29/4 11:30
“Amid all the hoopla over tariffs, discussion of big problems facing the U.S. economy have all but been drowned out. Over the past five years, the fiscal deficit has jumped to double its size compared to its historical range, propelled by government spending growth double the growth rate of the economy (Exhibit 1A). When debt […]...