In Summary before this Election
Just so you know.
As long as the world plays along and finances deficits, deficits do increase economic activity and raise the U.S. stock market.
This problem has not been addressed in the last 32 years since Reagan enacted supply – side enconomics and started the deficit rise.
The issue will become a front and center topic when the world stops buying US T-Bonds and refuses to finance our deficit.
In effect the supply side story will come to its end and a depression and massively declining stock markets will be unleashed if deficit reduction and austerity is started before the economy finds a base and fiscal actions are taken which provides a balanced recovery which supports a consumer revival instead of a Reagan REPEAT.
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