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Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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  • Writer's pictureRobert Lloyd, CFA

The Size Of Our Government Is Unimaginable



Yet, it IS possible to grasp the big picture and try to understand the policy decisions our fearless leaders are making. For example, you can look at snapshots of budget plans today, last year or a few years ago to get a sense for how things changed. I've attached very simple summaries of actual spending and budget forecasts for FY2021 and FY2022. Look at the spending changes for 2022 and 2023.




The emergency spending caused by the pandemic and the spending goals of our current Congress are increasing the impact of our government on the economy directly and to the markets indirectly. You can see the size of the deficit and the change in projected national debt. These numbers are hard to grasp, but they are huge.

Congress is currently debating another stimulus program that will increase the annual spending by about $0.4 trillion/year. This excess fiscal stimulus is one reason why inflation is running very hot. Higher spending may create the sustained inflation we all fear. No one wants to relive the 1970's economic experience.

If you would like to discuss the impact of inflation on your situation, please reach out to us!



Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


© 2021 Lloyds Intrepid LLC


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