Bilello Warns 20% GDP Growth via Money Printing Would Trigger Inflation, Collapse
Updated
Updated · TU News · Sep 1
Bilello Warns 20% GDP Growth via Money Printing Would Trigger Inflation, Collapse
1 articles · Updated · TU News · Sep 1
Summary
Charlie Bilello said U.S. GDP gains of 14%, 15%, 16% or 20% could be produced in nominal terms only by printing trillions of dollars and handing out the cash.
That kind of stimulus, he argued, would not reflect real economic expansion but would instead drive soaring inflation and ultimately a collapsing economy.
Bilello made the remarks in response to President Donald Trump's comments about potential U.S. GDP growth at those levels.
The strategist, who writes a widely followed weekly market letter, has also pointed to a 39% rise in U.S. inflation over the past decade as part of his broader economic commentary.