The government debt maturity wall
Bloomberg thru Jeroen Bloklan / M_McDonough
US Hiring plunged by 363K in November, the biggest monthly drop since July 2020
Vacancies fell in November to 8.79 million, lowest since 2021 Quits rate dropped to lowest level in more than three years Source: www.zerohedge.com, Bloomberg
BREAKING: Total US debt hits $34 trillion for the first time in history, putting US debt up 100% since 2014
Since the debt ceiling "crisis" ended in June 2023, total US debt is up nearly $3 trillion. This debt balance is more than the value of the economies of China, Germany, Japan, India and the UK COMBINED. The US is now spending $2 billion PER DAY on interest expense alone. Debt per capita is at a record high of $101,000. Source: The Kobeissi Letter
GLOBAL DEBT
by Visual Capitalist
Billions of commercial real estate debt mature this year
Unlike US home loans, CRE debt is almost entirely interest-only. Borrowers tend to have low monthly payments but face a balloon payment equal to original loan on maturity. Source: Dabiel Baeza, TS Lombard
If you blinked you would have missed that one time that the US government was on track to pay down its debt...
Source: Markets & Mayhem
Net interest cost of US national debt grew by 38.5% just in 2023
Source: Game of Trades
Goldilocks continue with economic data (in red) remaining sluggish and financial conditions (in green) dramatically 'loosening'...
Source: www.zerohedge.com, Bloomberg
