John Rubino's Substack

John Rubino's Substack

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John Rubino's Substack
John Rubino's Substack
And This Is BEFORE the Coming Recession

And This Is BEFORE the Coming Recession

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John Rubino
Dec 19, 2024
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John Rubino's Substack
John Rubino's Substack
And This Is BEFORE the Coming Recession
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Government finances usually look their best at cyclical peaks when lots of people are working and paying taxes, relatively few are drawing unemployment benefits or welfare, and financial asset prices are way up, thus generating lots of capital gains tax revenue. If a government is ever going to balance its budget, that’s when it happens.

Yet here we a…

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