The US National Debt has now increased by over $2 trillion since the debt ceiling was suspended just 4 months ago. pic.twitter.com/lWiHaYW7Ht
— Charlie Bilello (@charliebilello) October 5, 2023
2 days ago, the US added $275 billion in 1 day due to social security payments at the end of the fiscal year.
Since the debt ceiling crisis "ended," $2 trillion in debt has been added.
Truly incredible numbers.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) October 5, 2023
Deficits Finally Matter on Rising Interest Rates
Investors are growing concerned as U.S. borrowing skyrockets, posing potential risks to markets and the economy. Historically, the U.S. has been the world’s primary lender, stepping in during financial crises. However, the escalating trajectory of U.S. debt and the lack of political intervention now amplify market vulnerabilities. Recent spikes in Treasury yields can’t be solely attributed to inflation or short-term rate changes but rather to rising government deficits.