As Fiscal Deficits Rise, So Too Shall Inflation
Fiscal spending was up 24% year-over-year for the month of October.
The fiscal deficit was up 287% year-over-year for the month of October to $258 billion for the month. The 287% figure is not a typo. This means more Treasury debt issuance is coming and more money printing (i.e. inflating the money supply), by the Fed. This is why the 10-year Treasury yield has climbed to 4.475%.
The Dollar and Americans lose when D.C. politicians run significant deficits such as this.
