PRUDENT INVESTORS SHOULD CARE ABOUT MOODY’S DOWNGRADE OF U.S. CREDIT OUTLOOK
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.
November 13, 2023