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- Trump’s Inflation Triggers
How Tariffs, Immigration, And Taxes Affect The Big Picture
Happy 2025… We hope you enjoyed the "12 Days of Christmas" over the holiday, when members of the Porter & Co. team shared a favorite essay, article, speech, or book excerpt and how it inspired them.
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Table of Contents
Three Things You Need To Know Now:
1. America’s deficits spell doom. As a percentage of GDP, the U.S. deficit is projected to average 6.3% over the next 10 years. This is historically unprecedented: This level of indebtedness has never happened outside of periods of shattering economic crises or war… And now, it’s business as usual. (This year the deficit is expected to hit 7.1% of GDP – third only to China and India. Welcome to the developing world, America!) What this means over time is the end of the dollar, as there’s no way that U.S. trading partners will indefinitely finance this kind of irresponsible and unsustainable borrowing. The other losers are civil society and private enterprise… and the stock market. Winners – so to speak – will be Bitcoin and gold.
