deficit spending
Commentators tied rising yields and market stress to large deficits. On The Kobeissi Letter’s feed, record deficit spending is framed as a driver of a relentless rise in borrowing costs despite Treasury interventions, with asset owners positioned to benefit 1. On Metals and Miners’ show, Craig Shapiro linked higher rates and term premium expansion to expectations of greater U.S. deficit spending under prospective political outcomes, and to a high likelihood of further deficit-funded responses in a downturn, keeping inflation above normal 2. Jeffrey Christian argued that only a sustained reduction in deficit spending, alongside broader governance improvements, would alter his outlook; near term, he expects a massive U.S. government spending reduction that could negatively hit activity, while criticizing past fiscal expansion for fueling inflation that monetary policy only band-aided 3.
From the window to Oct 4, 05:30 ET — this window's take is still to be written.
Where the voices land
All voices 1 voice1 rising
Sharply rising
- TKThe Kobeissi LetterSharply rising Expects deficit spending to keep accelerating. “Deficit spending is only accelerating.” Open the post The global debt crisis is set to get even worse:… · 13 Oct
1 rising
Mentions
2 this weekStories it travels in
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The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- The Kobeissi Letter 1 mention
- Brent Johnson 1 mention
See what your own voices say about deficit spending, every morning.
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