Milestones are usually meant to be celebrated, but this achievement isn't necessarily a positive development. The U.S. government's debt balance has officially exceeded $40 trillion. This massive sum is equal to 124% of the country's gross domestic product (GDP), up from a 62% share in 2006.
What's more, the federal debt burden has more than doubled in a decade. Compared to 20 years ago, it has exploded 376% higher. Within the U.S. budget, more money goes to interest payments now than it does to anything else, except Social Security and Medicare.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Here's what history says all of this borrowing means for the stock market. Investors will want to pay attention.
When President Donald Trump began his second term, he immediately set up the Department of Government Efficiency. This agency, headed by Elon Musk, was tasked with cutting spending and reducing the deficit. But by any measure, it was a complete failure. Even the world's most prominent tech visionary couldn't make a tiny dent in fixing the country's finances.
#signal #debt #years #milestones
What's more, the federal debt burden has more than doubled in a decade. Compared to 20 years ago, it has exploded 376% higher. Within the U.S. budget, more money goes to interest payments now than it does to anything else, except Social Security and Medicare.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Here's what history says all of this borrowing means for the stock market. Investors will want to pay attention.
When President Donald Trump began his second term, he immediately set up the Department of Government Efficiency. This agency, headed by Elon Musk, was tasked with cutting spending and reducing the deficit. But by any measure, it was a complete failure. Even the world's most prominent tech visionary couldn't make a tiny dent in fixing the country's finances.
#signal #debt #years #milestones
3 months ago
