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 Inflation falls to 2.9%, lower than expectations.‬ Consumer price growth has slowed to its lowest levels in the post-pandemic period.‬ ‪The first interest rate cuts since 2020 should come in September.‬

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 Oil prices have dropped 4.57%, erasing all 2024 gains. WTI Crude is now trading around $70 for the first time since Dec 2023.

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