US equities Bull markets go on longer than many of us think they will.
Source: Carson, RBC
U.S. Dollar dominates global payment network swift
Source: Statista
🚨US FEDERAL DEBT IS SKYROCKETING🚨
The US public debt just hit another RECORD of $35.8 TRILLION. In less than a month, the total debt SPIKED by $700 BILLION. This is $23 BILLION A DAY. To make things worse, these forecasts assume lower interest rates over the next year... Source: Global Markets Investor
The US public debt situation is going to get worse:
US net interest payments as a share of GDP are expected to reach a record 4.6% next year. That would more than DOUBLE World War 2 levels and exceed the all-time highs seen in the 1990s. This is also much higher than net interest as a % of GDP in all 38 OECD countries. Countries with relatively high interest such as Greece, Ireland, Spain, and Portugal are expected to reach interest-to-GDP ratios that are HALF the size of the US. To make things worse, these forecasts assume lower interest rates over the next year. Source: The Kobeissi Letter, OECD, Tavi Costa
The US Bond Market has now been in a drawdown for over 50 months, by far the longest in history.
Source: Charlie Bilello
⁉️WHO OWNS THE US PUBLIC DEBT⁉️
~33% of the $35.7 trillion federal debt is held by government funds, including Social Security and the Fed. Over 25% is owned by foreign governments with the most held by Japan and subsequently China. ~15% is held by mutual investment funds. Source: Global Markets Investor
🚨THE NUMBER OF ZOMBIE COMPANIES IN THE US IS SKYROCKETING🚨
43% of the Russell 2000 companies are unprofitable, the most since the COVID CRISIS. At the same time, interest expense as a % of total debt of the Russell 2000 firms hit 7.1%, the highest since 2003. Source: Global Markets Investor
Both the Goldman and the UBS "Republican victory" baskets are approaching all time highs as "Democrat victory" trades slump
Source: zerohedge
