US GDP Rose by $850 Billion in 2019 as US National Debt Surged by $1.2 Trillion. Debt-to-GDP Ratio Hit 108% – WOLF STREET

Where do these dollars in GDP growth come from? The only exception was 2017, when the debt-ceiling battle dragged a portion of the debt-increase into 2018 (average out 2017 and 2018 for a more precise photo):

And I will leave you with a chart of this issue that no one in Washington pays attention to anymore, other than the Fed, which pays lip-service to it by occasionally calling the federal debt-growth “unsustainable,” when challenged in sometimes press conference. And debt genuinely doesn’t matter till it unexpectedly does:

The year 2019 was also another milestone: The ratio of the US gross national debt to GDP jumped to 108 Financial obligation, up leapt 63 % in 2006 on the eve of the Financial Crisis as all heck was already breaking lose:

Prices in New York City condo market, San Francisco Bay Area, Seattle down to early 2018 levels.

On the positive side in Q4, imports of services and goods fell 8.7 %Products with goods imports alone dropping 11.6% Itemsa decline in imports adds to GDPDecrease. For the year 2019, customer spending, on this inflation-adjusted basis grew 2.6%, at the low end of the variety of the past six years:

In Q4 2019, the “real” GDP growth rate of 2.1% was essentially the very same as over the previous 2 quarters, and below the average growth rate considering that 2012 of 2.3%:

The year 2019 was also another milestone: The ratio likewise the Turning point gross national debt to GDP united states to 108 %, up from 63 % in 2006 on the eve of the Financial Crisis as all heck was already breaking lose:

In Q4 2019, the “genuine” GDP development rate of 2.1% was essentially the same as over the prior 2 quarters, and below the typical growth rate since 2012 of 2.3%:

Prices in New York City condo rates, San Francisco Bay Area, Seattle down to early 2018 levels.

On the positive side in Q4, imports of goods and services fell 8.7 %Products with goods imports alone dropping 11.6% (a decline in imports adds to GDPDecrease. The only exception was 2017, when the debt-ceiling fight dragged a part of the debt-increase into 2018 (average out 2017 and 2018 for a more precise photo):

GDP measures the economy in terms of determines dollars that are spent or invested by consumers, businesses, and governments in a given time periodFederal governments Nominal GDP, which is determined in existing dollars and is not changed for inflation, increased by 4.1% in 2019, or by $849 billion from a year previously, to $21.4 trillion:

And I will leave you with a chart of this issue that no one in Washington pays attention to anymore, other concern the Fed, which pays lip-service to it by occasionally calling the federal debt-growth “unsustainable,” when challenged in periodically press conference. And financial obligation truly doesn’t matter up until it unexpectedly does:

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