My Favorite Charts of 2019

Thank you very much for your readership and support

The Fed’s Balance Sheet Surged by $112 Billion in December

The Fed’s balance sheet has grown a stunning $405 billion since the end of ‘Quantitative Tightening’ in August 2019

“I think what we are doing is definitely borrowing from the future and will definitely end badly, as the 2007 period did, but… that could be years”

The Social Security Trust Fund is simply a promise to tax the American people twice for the same benefit, and charge them interest in the meantime

“They haven’t felt the consequences of over overextending themselves”

The actual decrease in US exports to China this year is less than one percent of total US goods exports

During federal fiscal year 2019, the national debt increased by slightly more than $1.2 trillion

“Central banks have been buying up a lot of gold. They like gold more than dollars these days”

“You see this strange situation where economic growth may be slowing down a little bit… but you’re seeing the markets continue to go up”

Without entitlement reform or massive tax increases, nearly all ‘discretionary’ federal spending would need to be cut to stop the national debt