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Bessent: “We will grow our way out of debt.”
Real GDP growth:
2023: +2.9%
2024: +2.8%
2025: +2.1%
2026: +1.5% (Q2 annualized)US debt growth:
2023: +7.2%
2024: +6.9%
2025: +6.1%
2026: +7.5% (last 12 months)Debt is growing 2–3× faster than the economy.
You don’t grow your…
— Fthegurus (@fthegurus) August 26, 2026
Warsh speaks at Jackson Hole on Friday.
The backdrop:
– Inflation: 3.7%
– Core PCE: 3.3%
– The bond market: pricing rate hikes
– The consumer: slowing
– 30-year yields: highest since 2007The Fed is being pulled in opposite directions.
Warsh’s speech could tell us which risk…
— Nic (@puckrin) August 26, 2026
