
The U.S. Consumer Won't Quit
Real Vision: Finance & Investing
00:00
The TGA Build Is Still an Issue Going Forward
TGA build still an issue going forward, but it's being dramatically offset by a significant decline in the RP. The problem as it relates to the return of Uncle Sam International Capital Markets isn't this TGA thing. That's been so myopically focused on that since we told them to focus on that three months ago. We're talking about as much fiscal largesse as we saw at the height of the GFC right now - minus 8% of GDP.
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