Stabbed in the Back - Fat Tail Daily
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1 Articles
Stabbed in the Back - Fat Tail Daily
Federal debt held by the public will increase by 9% to 11% by 2034, according to a Congressional Budget Office memo on the budget bill. Debt service costs will rise by at least $718 billion. The public currently owns $29 trillion in US government debt, about 96% of US GDP. ‘We are now in a new world. Even to trade nerds, the complexity of this is just bonkers.’ —Chad Bown, senior fellow at the Peterson Institute for International Economics You’…
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