The key to the interest rate cycle is the one year Treasury. Trump was elected because we were going through our normal cycle after all. We were well headed for the regularly scheduled downturn before covid and before the election.
We tire of hack economists, on both sides. The whole field of macroeconomics is rotten to the core. The macro economists has one purpose, insure the election of the opposition via fraud.
The macro economic thing to note are the two longest expansions, Obama and Bubba, both of them characterized by reducing the deficit.
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