14/09/18

Goldman: What Is Going On In The US Is "Usually Reserved For Times Of War"



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Goldman: What Is Going On In The US Is "Usually Reserved For Times Of War"
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Back in February, when the world was starting to become familiar with the trajectory of US debt and deficit spending under Trump's fiscal plan, we showed a chart from Goldman which made a troubling forecast: the US fiscal situation was headed for "banana republic" status, or as Goldman put it more politely, "uncharted territory" as a result of soaring federal debt and interest expense.

Now, in a follow up report, Goldman economist Alec Phillips identifies the key risks that will ....

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