US debt surges $851 billion since June 3rd suspension. Howell predicts Fed’s balance sheet expansion to $10 trillion for US obligations.

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by BoatSurfer600

The U.S. national debt spiked by $851 billion since the debt ceiling was suspended a month ago on June 3, and now hit $32.32 trillion. This is just an amazing freak show.

See also Believing this rally lasts year-end? Pure fantasy. U.S. 1-month momentum hits record overbought levels unseen since 2007. Flight to safety intensifies.

Source: wolfstreet

Stocks would do well too as liquidity would explode.

This is probably the easiest scenario for governments but it will be extremely bad for inflation and the Poors.

— QE Infinity (@StealthQE4) July 2, 2023

See also Peter Schiff's grand idea: Sell off $2.7 trillion in Treasuries, buy Bitcoin, and voila, Social Security fixed. [Sarcasm]

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