Tuesday, August 7, 2018

And so it begins

On 6/29/18, the Debt Held By the Public was at $1.5466 x 10^13.
On 7/31/18, the Debt Held By the Public was at $1.5569 x 10^13, an increase of $103 billion in one month. 

I expect it to increase by at least $100 billion per month from here on out (except for during the months of April, when the government gets lots of tax payments).  And the economy is supposedly booming. Just wait until the recession starts (if it ever does).  And interest rates are still low - as of today (8/6), the 10-year is at 2.94% and the 30-year is at 3.08%. 

So I call this month 1 of the long-forecasted slow-motion meltdown of the economy.

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