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George Gammon, host and investor at Rebel Capitalist, examines the debate on debt-to-GDP ratios and government deficits compared to the 1990s.
He observes that many commentators point to higher debt and deficits today but overlook that interest rates are currently lower than in the past. Gammon questions the argument that rising debt and deficits should lead to higher rates, suggesting the data does not support that view.
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Gammon has previously argued that economic growth and inflation, rather than government debt or deficits, primarily determine interest rates, as discussed in a Rebel Capitalist interview. He has also warned that a stock market crash on the scale of the dot-com era could set off a recession similar to the global financial crisis, according to his earlier comments. These views inform his current analysis of fiscal policy and market risk.