“In the past 5 years the amount of UST’s the US needs to roll over every year has risen by nearly 15% CAGR, the while US nominal GDP is just over 2%. A 1200bp gap isn’t sustainable for very long, yet the overwhelming consensus [assumption] is that it’s sustainable for decades”.
Luke Gromen
“The first panacea for a mismanaged nation is inflation, the second is war. Both bring
temporary prosperity; both bring permanent ruin. But both are the refuge of political and
economic opportunists”.
Ernest Hemingway
Stocks managed to overcome their earlier losses on impeachment and trade jitters.
Gold and silver gave some of their recent gains back on a stronger US Dollar.
Have a pleasant evening.
Related Posts
The Neoconservatives Are Back And World War III Edges Closer As Trump Appoints Hawk John Bolton
Ford Stock Is Not A Buy At Current Valuations- Fed Anxious To Raise Rates
S&P 500 In The Process Of Confirming The Long-Term Head And Shoulders Pattern
Thailand Is Approaching The Introduction Of Digital Currency Taxes On Its Investors- Samson Mow leaves Blockstream, plans to focus on ‘nation-state Bitcoin adoption’
Leave A Comment