Category Archives: Economics

#MacroView: Debt Fueled Spending Won’t Create Growth

Written by Lance Roberts | Apr 9, 2021

More debt equals less growth. In October, I discussed the “2nd Derivative Effect” and the ongoing cost of the stimulus. With the passage of the $1.9 trillion “American Rescue Plan,” will the math of debt to growth change?

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#MacroView: Why Stimulus Doesn’t Lead To Organic Growth

Written by Lance Roberts | Feb 12, 2021

There is a growing consensus in Washington the only way to fix the worst economic downturn in more than 70 years is by giving out more free money. However, the reason the previous programs failed is the stimulus doesn’t lead to organic growth.

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#MacroView: 2021 – A Disappointment Of Growth And Disinflation

Written by Lance Roberts | Jan 29, 2021

There is a large consensus that the massive monetary interventions in 2020 will lead to an explosion of economic growth, inflation, and interest rates. We suspect that the outcome of more debt-driven spending will lead to a disappointment in growth and disinflation instead.

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#MacroView: Is The Fed Stuck With “Forever Stimulus?”

Written by Lance Roberts | Nov 13, 2020

I recently discussed the “Importance of Recessions” and how “Rescues Ruining Capitalism.” While the data is clear that ongoing stimulus programs lead to weaker economic growth and rising wealth gap, is the Fed stuck with “forever stimulus?”

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