Saturday, December 18, 2010

$16 trillion at the end of 2011

As we have said before, and pro forma for the Obama tax deal, we expect total debt issuance in 2011 to accelerate once again, and to hit just under $2 trillion, putting total US debt at the end of next year at around $16 trillion.


Yea, that's my prediction too. I think there will be a huge Euro and Yen crisis in 2012 with the dollar being seen as a safe haven, and then the dollar will collapse and hyperinflate about 2017.

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