Deficit spending as a % of GDP heading south fast:
The American economy expanded an annualized 2% on quarter in Q3 2021, well below market forecasts of 2.7% and slowing sharply from 6.7% in Q2. It is the weakest growth of pandemic recovery as an infusion of government stimulus continued to fade and a surge in COVID-19 cases and global supply constraints weighted on consumption and production.
Gov’s saving money as claims fall:
Transitory?
The post GDP, Unemployment claims, China coal appeared first on Mosler Economics / Modern Monetary Theory.
