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August 2024 Market Insights by Dr. James Thorne: TRUMP’S FISCAL FRENZY

August 6, 2024

TRUMP’S FISCAL FRENZY:
Godfather of Modern Monetary Theory Warns of “Drunken Sailor” Spending

At this very moment, the U.S. faces a fiscal predicament which urgently calls for proactive measures following the 2024 presidential election. The nation’s mounting debt crisis demands immediate attention, yet neither party has outlined a clear strategy to address this pressing issue. This election cycle has had no shortage of historic events, from the attempted assassination of Former President and Republican Nominee Donald Trump to Vice President Kamala Harris replacing President Joe Biden as the Democratic Nominee. Yet the underlying fiscal dilemma, if left unaddressed, risks triggering an economic crisis that even Wall Street may be underestimating—dismissing U.S. debt concerns as mere cautionary tales.

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August Market Insights by James Thorne – Trump’s Fiscal Frenzy

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