Thing is, I’ve learned to be skeptical about an economic apocalypse.
Yes, even now.
But that’s not to say I don’t watch things closely and assess.
The USA has a lot of debt—with a deficit that’s 7.2% of GDP. It should be 3% of GDP. This is why the drastic tariffs make sense—Trump needs taxes, but he can’t call them taxes.
However, theres two things that keep me from completely buying into doom: February inflation only grew 0.2%, and the demand for junk bonds is huge.
For how long? I don’t know. Once prices drastically go up and people abandon junk bonds, that’s when I know disaster is truly coming.