Is PIMCO warning runaway US spending may trap Fed, as fiscal strains test monetary limits?
This tweet from PIMCO raises more questions than it answers, especially for runaway spening in the US: The more I reread this, the more I think its possible to simply substitute ‘US’ for ‘Brazil’. US government spending is already epically unsustainable, Trump’s recent spending increases and tax cuts for the wealthy make it even more. … Read more