Federal budget deficit SKYROCKETING… A record $7.6 TRILLION of US debt is set to mature.

September 6, 2023 10:12 am by CWR

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US debt-service costs are now at their highest since 2009 as rates soar.

Over the next year, this will continue to rise as US debt is refinanced at higher rates.

Yet another sign that $4 trillion in "free stimulus" is not really free.

There's no such thing as free money. pic.twitter.com/NQxC2VozHO

— The Kobeissi Letter (@KobeissiLetter) September 6, 2023

See also Job openings drop by 3 million from high, this is by far the largest 3-month decline in JOLTS on record.

See also Azher Abassi, the Federal Reserve’s Executive Vice President Supervision + Credit and head of bank supervision in San Francisco, which had oversight of Silicon Valley Bank and First Republic, will retire effective October 31st. His replacement starts October 1st.

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