World debt has rapidly increased since 1997. And is now around $225 trillion. Is it sustainable?
Source: Game of Trades
EUROZONE DEBT & GDP
Source: WinfieldSmart, The Daily Shot
It took 20 years for US interest payments to reach 4.5% of GDP in the 1970s and 80s
Today, achieving the same level will take less than 3 years. This starkly highlights the speed of the rise in Treasury yields and the magnitude of the debt problem. Source: Tavi Costa, Bloomberg
Who's buying houses with record high prices and 8% mortgage rates. The answer?
Millennials are piling in to new mortgages even with the spike in rates. Since Q4 2021, Millennials have seen a ~20% increase in mortgage debt. This is the same group of people who just had student loan payments return at an average of $500/month. It's a tough time to be a Millennial... Source: The Kobeissi Letter, BofA
US To Borrow $1.5 Trillion In Debt This & Next Quarter, After Borrowing A Massive $1 Trillion Last Quarter
During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $750 billion. The borrowing estimate is $76 billion lower than announced in July 2023, largely due to projections of higher receipts somewhat offset by higher outlays. During the January – March 2024 quarter, Treasury expects to borrow $816 billion in privately-held net marketable debt, assuming an end-of-March cash balance of $750 billion. Source: www.zerohedge.com
🌍Worldwide, many other countries have debt that is more than their GDP
Japan consistently ranks among the top nations with a debt-to-GDP ratio exceeding 200%. Source: Genuine Impact
To whom the US owes money? Mostly to themselves actually...
Source: The King's Cheque En Qua
Total US debt is now up ~$650 BILLION since it crossed $33 trillion exactly 1 month ago, according to Zerohedge
Yesterday alone, total US debt jumped by another $58 billion. Total US debt has grown by ~$22 billion PER DAY for the last month. In other words, the US has added ~$915 million in debt every hour for the last month. Since the debt ceiling "crisis" ended, total US debt is up over $2 trillion. Since 2020, total US debt is officially up more than $10 TRILLION. Source: The Kobeissi Letter
