shawn on Nostr: “…one year ago, 85% of US job market growth was in government and sectors ...
“…one year ago, 85% of US job market growth was in government and sectors dependent on government spending like health and education.”
“… in 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another unwelcome peacetime record.”
“... and as the BofA strategist decries, ‘the global handoff from big government to the free market may prove slippery, but it seems necessary given large deficits and bloated debt burdens.’
In other words brace for lots of pain as Trump tries to fix years and decades of uniparty graft and corruption.”
Hodl on.
https://www.zerohedge.com/markets/wall-street-finally-admits-doges-work-detox-government-critical-will-be-brutally-painful
“… in 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another unwelcome peacetime record.”
“... and as the BofA strategist decries, ‘the global handoff from big government to the free market may prove slippery, but it seems necessary given large deficits and bloated debt burdens.’
In other words brace for lots of pain as Trump tries to fix years and decades of uniparty graft and corruption.”
Hodl on.
https://www.zerohedge.com/markets/wall-street-finally-admits-doges-work-detox-government-critical-will-be-brutally-painful