John Hussman: US Fiscal Position is Far Worse Than it Appears – Here’s Why

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Courtesy of John Hussman: The U.S. fiscal position is far worse than our present $1.3 trillion deficit and nearly 100% debt/GDP ratio would suggest. On the deficit side, there is certainly a “counter-cyclical” pattern to the U.S. federal deficit. As I noted a few weeks ago, every 1% shortfall of real GDP from potential (as […]

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Boston University economics professor Laurence Kotlikoff penned a great guest article for Bloomberg, where he takes a hard look at the fiscal gap in the US, concluding that our country is basically bankrupt. Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. This […]

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