What's Messing Up The Economy?

The US is running such an outrageously large fiscal deficit that it is messing up the economy. In other words, the government is stamping hard on the pedal while the Fed and the financial sector are busy applying the brakes to the economy. And with a current surplus of $1 trillion above the deficit from the previous year, that additional fuel is currently keeping things afloat. Mike Wilson, the chief strategist at Morgan Stanley, predicted a recession in 2023 and is blaming it in large part on the fact that it hasn't materialized yet. In fact, when the unemployment rate is this low, we hardly ever see deficits this big.

Watch more of this short video from Have We Truly Dodged A Recession This Year? | Adam Taggart.

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