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7/7/20

June 2020, Chicken Little Portfolio Performance

There is one central question in finance now. Can a country become rich by deficit spending and e-printing. The US government is running the largest deficit in history, and the Fed has monetized more than 100% of the additional debt. The government spends and the Fed prints. So far, the stock market has loved this combination. Chicken Little continues to believe debt and deficit lead to Depression.  


The US Government is hurting the economy