Economist: High Deficits Indicate Recession Already Here Once Government Spending Factored In
• US already in recession once government spending and money supply increases are accounted for, says economist Dr David Brat
• Underlying economy "awful" - manufacturing and small businesses struggling
• Biden administration running $2.5 trillion annual deficits, racking up debt
• Projected 1.5% GDP growth next 10-20 years very low
• Interest rate cuts by Fed likely in response to recession and falling inflation