Supervisors Symposium - December 2023

Internal Use Only

The Story:

The Loss of Rationality Leading indicators point toward recession But: Consumer and Federal Spending are at all time highs (bubble) while unemployment remains low Fueled by over abundant quantitative easing Causing unbelievably high national and personal debt WHICH IS UNSUSTAINABLE So, what will be the causal effect to trigger the trip wire? Likely it will be the cost of the debt and the ability to repay the debt! But it appears that PEOPLE JUST DON’T CARE!

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© 2023 –FinPro, Inc.

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Internal Use Only How much debt can the U.S. handle? Since the debt ceiling was raised, U.S. debt has gone from $31.7 trillion to $33.1 trillion . . .

4/9/23

9/27/23

The Debt to GDP ratio has ticked up in the recent quarter and looks poised to remain at historical levels

Data as of 9/27/2023

Source: CRFB; FRED

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© 2023 –FinPro, Inc.

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