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20 Aug 2024

These 3 areas produce 50pct of the world's GDP

Source: Brian Roemmele

20 Aug 2024

US government spending is expected to hit 24.2% of GDP in 2024, significantly above the previous 39-year average of 21.1%, according to the CBO.

At the same time, revenues are projected to reach 17.6% of GDP, just 0.4 percentage points above the 1984-2023 average. As a result, the US deficit is estimated to hit 6.6% of GDP, almost DOUBLE the 39-year average. In nominal terms, the deficit is set to hit $1.9 trillion in 2024, the highest level since 2021 when the deficit was $2.8 trillion in response to the pandemic. US government spending relative to GDP is expected to rise rapidly while revenue stagnates. Multi-trillion Dollar deficits are the new normal. Source: The Kobeissi Letter

19 Aug 2024

'While cyclicals have trailed defensives recently, they are still priced for an economic expansion.'

https://lnkd.in/eH8idMiZ ht @dailychartbook thru Jesse Felder on X, Bloomberg

16 Aug 2024

JP Morgan's Jamie Dimon wants to hit US millionaires with the "Buffet rule" to tackle the national debt

Source: Business Insider

15 Aug 2024

The scariest China chart

Source: TS Lombard, Bloomberg, Win Smart

15 Aug 2024

Global debt has officially reached $315 trillion

Source: IIF Global Debt

15 Aug 2024

Top monetary assets worldwide

Source: Porkopolis Economics

14 Aug 2024

The Interest Expense on US Public Debt rose to a record $1.11 trillion over the last 12 months, more than doubling over the past two years

At the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security. Source: Charlie Bilello

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