Irwin Stelzer- This Week in Economics, and Next

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Irwin Stelzer- This Week in Economics, and Next
CUT RATES NOW OR CAUSE A RECESSION SAY INVESTORS

CUT RATES NOW OR CAUSE A RECESSION SAY INVESTORS

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Irwin Stelzer
Aug 05, 2024
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Irwin Stelzer- This Week in Economics, and Next
CUT RATES NOW OR CAUSE A RECESSION SAY INVESTORS
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America is the world’s largest debtor. Treasury secretary Janet Yellen says the debt, now more than $35 trillion and just about equal to the annual economic output of the country – its GDP – is manageable so long as it stays at its current relation to the rest of the economy. Which it won’t.

Deficits Flow, Debt Rises

The Congressional Budget Office says a…

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