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Personal Finance Topics / Macroeconomic Trends and Risks❤
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Author: lizgdal ✶  😊 😞
Number: of 555 
Subject: Re: Macroeconomics of the election
Date: 11/01/2024 5:04 PM
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Something unexpected will happen. Always does. The Federal Deficit could be the black swan. The deficit became much larger with the 2008 Great Financial Crisis and the 2020 Covid Pandemic. Another crisis badly handed could push the debt over the tipping point. There's a limit to how much the Federal Government can borrow, we just don't know what it is yet.

Federal Deficit as Percent of Gross Domestic Product
https://fred.stlouisfed.org/graph/?g=1xKUk

Anyone can captain the ship when seas are calm, but who can keep us afloat through a hurricane? Or maybe just avoid the storm with some forethought.
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