A couple of articles on the current macro US picture I've been very curious to see what the Fed does as we approach the presidential elections. Generally, when there's an incumbent, the Fed recklessly stimulates the economy until after the election. This cycle though, it seems like the establishment has been looking for an off-ramp from Biden. Maybe we won't see a huge stimulus program this time.

U.S. GDP Hides Weakness Behind Massive Debt By Daniel Lacalle "The worrying fact is that this rise in consumption comes mostly from higher debt, as United States consumers are borrowing heavily to spend. Americans are living on borrowed time as real salaries remain in negative territory in the past five years and inflation eats savings away."

The Fed Has No Plan, and Is Just Hoping for the Best By Ryan McMaken "Contrary to the longstanding myth of Fed independence and political neutrality, the Fed is a deeply political organization committed to kicking the can down the road to get the regime through just one more election without a fiscal or monetary disaster."