While the quarterly figure is supposed to come in at 3.3%, the first Q was only 1.2% and Q2 was 3.1% and that averages 2.53%, far, far below Trump's claim of 3% and, in order to hit 3% for the year, Q4 would have to jump to 4.5% – and that's not very likely at all.
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80Tn Yen is "only" $902Bn, not even a Trillion in annual stimulus for a $5Tn economy (and falling) – what could possibly go wrong?
So far, in the Abe/Kuroda error, the Yen has plunged from 130 to the Dollar to 88.59 which means the buying power of the Japanese people has decreased by 32% over the past 4 years.
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Even at just 1.5%, our Government is spending 0Bn a year in interest on that debt but the Fed is raising rates at least 1% next year so that will add another 0Bn in interest payments, taking up 40% of our anticipated GDP growth.
That can quickly get much, MUCH worse if inflation kicks up and people demand more for bonds to keep up or if the Dollar devalues if, for example, someone were to pass irresponsible tax legislation that gave huge tax breaks to the rich while doing nothing to improve the lives of 90% of the people who live in the country, which would leave little possibility for GDP growth unless, of course, the Top 10% turn around and give back all the money we're giving them by raising wages and building factories.
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