Wednesday, October 3, 2018

Debt Alert cancelled

At some point the system will start a slow-motion meltup when the debt will "float" away into infinity.  I see a red alert when the Debt Held by the Public increases by more than $100 billion for more than one month in a row. Thankfully, the debt increase has temporarily slowed down so we can relax a little and think optimistically.

For the record, the debt held by the public as of 9/28/18 (the last day of the 2018 fiscal year) is $15.771 trillion and this was actually lower than the month before.  Nothing to worry about folks, at least for the moment.  How about the government just freezes it at this level?

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