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OT: An Economic First in the US economy

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Huskermatt23

Huskermatt23

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Interesting fact for those who like economics. For the first time ever in the post WW2 US economy, unemployment is falling while debt is rising.
  • The U.S. budget deficit is growing at a time when the unemployment rate is falling, something that hasn't happened in peacetime since World War II.
  • Goldman Sachs projects that rising costs to fund the deficit will force the government to borrow more which will push up interest rates.
  • The deficit increase is coming due to the recent barrage of government spending, including a $1.5 trillion tax cut approved in December 2017 and a $1.3 trillion spending bill aimed at keeping the government operating through the end of the fiscal year.
Here comes the inflation and most likely a forced slowing down of the economy.

https://www.cnbc.com/2018/05/14/gol...connect-could-fuel-higher-interest-rates.html
 
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