Government expenditures are rising close to a 12% pace year on year.
Government receipts, because of the weak economic conditions, have been sagging at a 10% pace for some time (click on the chart to enlarge it).
How will we fill the gap? Increase taxes? Will the economy weaken even further if they increase taxes?
The dollar, meanwhile, reflecting this dilemma is sinking.
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 by Timer Digest
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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