It's true that USA tax receipts are tied to the stock market, yes.
It's not true that we can't afford a recession, but that recession is likely to have a more stagflationary aspect to it, because it would widen the deficit and likely result in more central bank accommodation of the deficit.
LynAlden / Lyn Alden
npub1a2…cw83a
2024-08-04 23:33:04
in reply to nevent1q…ky0n
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2024-08-04 23:33:04Event JSON
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