Simply, when deficit spending accelerates and interest rates are declining, America builds new housing and the broader economy hums. However, debt grows far faster than the resultant economic activity, and debt to GDP soars (yellow line). Conversely, when deficit spending is decelerating and rates are rising (as they are now), new housing creation decelerates/declines and economic recession is imminent.
Source: The Current US Economic Divide Is "The Founding Fathers' Worst Nightmare Come True"
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