The U.S. budget deficit this year is projected to hit $3.8 trillion, which would be more than double the previous record set during the financial crisis ($1.41 trillion in FY2009). Meanwhile, the Fed has announced “open-ended” asset-buying programs to support the economy, which will add even more to its current $7 trillion balance sheet. Given the scale of these new numbers – how can we relate them back to the more conventional numbers and figures that we may be more familiar with?
Source: https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/
