By Porter Stansberry
Government deficits are soaring like never before...
As of mid-September, this year's budget deficit represented nearly 6% of U.S. gross domestic product ("GDP") – a level that's unprecedented in U.S. history, outside of wartime or a severe economic downturn.
In other words, the U.S. government is spending as if we're already in a crisis... before any crisis has even begun.
Meanwhile, the Federal Reserve is now aggressively cutting interest rates for the first time since the COVID-19 lockdowns... despite official inflation measures remaining well above the central bank's official 2% target.
I'm no longer sure whether we'll imminently experience a recession and stock market meltdown... or an inflationary boom and stock market melt-up, followed by a severe downturn.
As such, I believe investors should do their best to be prepared for either outcome.