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Incredibly Spiking US National Debt Hits Monstrous $30 Trillion

From wolfstreet.com

The incredibly spiking US gross national debt hit the big one: $30 trillion. That’s the amount the government owes and has issued in Treasury securities that are outstanding as of January 31. Since March 2020, the US gross national debt has spiked by a monstrous 27%, or by $6.5 trillion. Over the past 12 months, during the strongest economic growth since 1984, the national debt has spiked by 2.2 trillion. The flat spots depict the uniquely American political charade of the Debt Ceiling, the periods when the gross national debt bounced into the Debt Ceiling as set by Congress. These flat spots are the days when ... (full story)

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  • Category: Fundamental Analysis