US growth would have contracted without trillions in government

US growth would have contracted without trillions in government

Jeffrey Gundlach, chief executive of DoubleLine Capital, said that US growth appears to be based ’exclusively’ on government, corporate and mortgage debt. He added that the economy would have contracted if the US had not added trillions in debt. Nominal GDP rose by 4.3 per cent, but total public debt rose by 4.7 per cent over the past five years, Gundlach noted.

KCooper
KCooper
blah blah
blah blah 1 year

Good. They can dump all they want. Makes no difference they will start paying their share of tarifs or they can sell their cheap shit to someone else.

Rocky LeBlanc
Rocky LeBlanc 1 year

Yes this is called consumer confidence. It means citizens are willing to incur debt because they are confident that the economy will hold strong during this presidency. It is a good thing especially when paired with the jobs report showing massive increases in hourly wages (over $27/hr national average) with higher employment numbers than we have seen in my entire life. To try to spin this as negative is laughable at best.

1 year

This headline is like saying "football team would have lost if they had played without a qb"

Wig Idacious
Wig Idacious 1 year

The US can get allies to buy them or agree mutual buys with Japan, the EU. It would be better to make any treasuries sold to China invalid so they lose their money. It could precipitate a crisis there.

Adam Marceau
Adam Marceau 1 year

this is a chicken and egg thing these people are misleading. the debt grew due to increased prime rate anyone know what 2% on 20 trillion is...... and the only reason prime went up is because the economy is growing and they wanted to slow it down. government income from taxes is up 60 billion. this is due to increased spending in the private sector not government spending

TheeSabin
TheeSabin 1 year

Good to know.

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