NATIONAL DEBT: $34.5 Trillion
Yellen:
•Need to address the $2 trillion a year deficit
•Debt to GDP ratio the highest ever at 122% under Biden
•Interest rates are highest in 20 years
•Rates still low relative to the previous decades interest on the debt remains manageable
⚠️NATIONAL DEBT: $34.5 Trillion
Yellen:
•Need to address the $2 trillion a year deficit
•Debt to GDP ratio the highest ever at 122% under Biden
•Interest rates are highest in 20 years
•Rates still low relative to the previous decades interest on the debt remains manageable pic.twitter.com/Ag4O9ENP49— The Coastal Journal (@1CoastalJournal) May 21, 2024
The bursting LT UST bubble (and LT western sovereign debt bubble more broadly) is easier to see if you invert the y-axis on gold/ZB1 (LT UST futures.) pic.twitter.com/5OxBdyv6ff
— Luke Gromen (@LukeGromen) May 20, 2024
What a time for metals
Gold: +18% YTD
Silver: +17.8% in the past month
Copper: +27% in the past month
Nickel: +13% in the past month pic.twitter.com/veQ9tBd3Mh— Michael Burry Stock Tracker ♟ (@burrytracker) May 21, 2024
An important reminder:
Multiple times in history, the precious metals industry was considered the largest market among global assets.
Today, however, it has shrunk so much that it's almost a rounding error.
The potential for capital to flow back into this industry is… pic.twitter.com/M1mo8kq0It
— Otavio (Tavi) Costa (@TaviCosta) May 20, 2024
The bid for physical #Silver is above $36 at the ShanghaiX and below $32 at the futures based COMEX.
Don't dismiss the importance of true price discovery is that the more they push the price down at the COMEX and LBMA the greater the arbitrage to ship physical East for a… pic.twitter.com/el3OXZGsAr
— Jaime Carrasco (@IJCarrasco) May 21, 2024
Biden calls for middle-class tax hike