While everyone was busy watching $NVIDIA (NVDA.US)$ , the US...
While everyone was busy watching $NVIDIA (NVDA.US)$ , the US borrowed another $260 BILLION last month.
On an annualized basis, this puts the US on track to borrow ~$3.1 trillion in 2024.
Total US debt now stands at a record $34.33 trillion, or 2.8 TIMES the market cap of the Magnificent 7. $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Alphabet-C (GOOG.US)$ $Meta Platforms (META.US)$ $Amazon (AMZN.US)$
Over the last 4 years alone, total US debt is officially up $11 trillion and counting.
At the current rate, we will see $40 trillion in US debt by 2026 and that assumes a "soft landing."
Just imagine what would happen if we entered a recession.
What's the long-term plan here?
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股海踏浪 : If you pull out the ordinate units a little more and compress the horizontal coordinates a little more, this picture is even more frightening. There are even more unfounded, worrisome, and misconceptions.