RSS SubscribeA World Turned Inside Out
By Stephen S. Roach – Project Syndicate
The geostrategic shock that has accompanied Donald Trump’s return to the White House is the functional equivalent of a full-blown crisis. It is likely to have a lasting impact on the US and Chinese economies, and the contagion is almost certain to spread throughout the world through cross-border trade and capital flows.
BEIJING – The world’s major growth engines are about to run in reverse. The policies and uncertainties of US President Donald Trump’s second administration have hit a sluggish global economy with a transformational exogenous shock. Risks are especially worrisome in both the United States and China, which have collectively accounted for a little more than 40% of cumulative global GDP growth since 2010.
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US Government Fiscal Mess: Debt, Deficit, Interest Payments, and Tax Receipts: Q4 2024 Update on an Ugly Situation
To what extent do interest payments that the US government pays on its ballooning and gigantic debt eat up tax receipts? That is a key question about the US fiscal mess.
The Deficit-to-GDP ratio and Debt-to-GDP ratio get even uglier.
https://wolfstreet.com/2025/03/27/us-government-fiscal-mess-debt-deficit-interest-payments-and-tax-receipts-q4-2024-update-on-an-ugly-situation/