November 13, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Prudent Investors Should Care

Please click here for a chart of the federal deficit.

Note the following:

• The chart goes back to 1900.
• The chart shows that large federal deficits are a relatively recent phenomenon.
• The chart shows about a $3T deficit during the pandemic when the government overdid giving away free money.   The government did not have the money to give away, so it borrowed more.
• Even though the pandemic is behind us, the chart shows that large federal deficits are still there.