U.S. debt to GDP is at 130% and the last time that happened was 1946, says Luke Gromen of FFTT LLC. He thinks the U.S. has to get the debt-to-GDP down to a rate where the Fed can normalize policy, more in the 70% range. He points out that real GDP for the second quarter is at 13% and with inflation it puts it at around 20%. He and Ben discuss the Fed's balance sheet and inflation. Tune in for more details.
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