PPI up 7.1%, Annual deficit to reach $3.7 Trillion

The Producer Price Index (PPI) was u 7.1% year over year.

On a 12-month total basis, the deficit posted $2.6 trillion, representing 12.3% of GDP. While the gap is smaller than a few months ago, it is still near a record share of GDP, outside of the pandemic. The Treasury estimates the deficit for the full fiscal year which ends in September will reach a record $3.7 trillion

Source: Ned Davis Research: U.S. Daily Perspectives and Economics Content List Signal Alert (sorry can’t link to it)

What cannot go on forever, won’t go on forever. But at the moment, no one cares.