Mar. 20 at 9:42 AM
$SPY $TLT $SCHP $BND $SCHO
Several years ago I said we would be
$50 trillion in debt by 2030.
At this pace, it’s going to happen.
The interest on this debt isn’t manageable.
The debt/credit crisis is building.
Mid 2027 wipeout?
My timing won’t be perfect, but the day of reckoning is coming.
The government will simply issue more treasuries and someone will buy them. They might just be at a higher yield.
The issue that’s unfolding is for States, counties, cities, corporations and individuals.
The debt burdens are piling up.
What happens when the credit isn’t there?
Here in lies the problem.
Well, throw in unemployment and underemployment and BOOM 💥
“Since the debt ceiling in early July, the debt has exploded by
$2.8 trillion, with those trillions flying out the window at huge auctions every week so fast they’re hard to see. The illusory flat spots occur during the debt ceiling.”
Debt has doubled in 8 years.
This is eye popping.
https://fred.stlouisfed.org/series/GFDEBTN
