...The Big Dog Is Always Right.
Yes, folks! Once again my forecast has beaten the economic establishment.
On December 2, I predicted that the annual cost of the U.S. government debt will exceed $1 trillion during the 2023 fiscal year.
Now, two months later, the St. Louis Fed reports that the cost of the debt reached $850 billion in the fourth quarter of 2022:
Make sure to catch our weekly podcast, which gives more predictions about the economy:
Have a good weekend!
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We do not give investment advice.
This blog provides analytical information solely for the purposes of 1) predicting the cost of the federal debt, and 2) for assessing the risk for a U.S. fiscal crisis. All information published here, forecasting and other, is based on publicly available data from the U.S. Treasury, including but not limited to approximately 65 percent of the current debt; on macroeconomic data, including but not limited to monetary policy decisions by the Federal Reserve; and on macroeconomic theory.
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