The Disturbing Microcosm

by Karl Denninger

I had an interesting experience the other day.

Was having a beer in a place I haven’t been before — it’s new. I found myself in a conversation on many topics, one of which was sort of, tangentially, the economy and markets.

The comment was made that Trump was great, and look at the market.

I pointed out the actual budget deficit of $1.27 trillion last fiscal year.

In other words, 6.23% of the economy.

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