$50T by 2025 ?Evil Is The Root Of All (Fiat) Money | ZeroHedge My Comment : I have been expecting a $40T national debt by 2025, but $50T is also possible. Meanwhile, Congress keeps kicking the can with CRs on funding the government. At some point the national debt will trigger higher rates to compensate for the risk of owning Treasuries. Can the Fed really increase rates given the $trillions already allocated or spent by Biden and the prospect of even more spending with the BBB ? Something's going to break. Got Gold ?
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US DEFICITS ARE GROWING EXPONENTIALLY
Back in 2016 when Trump was elected I forecast that the US debt would be $28 trillion at the beginning of the next presidential period in early 2021. Few forecasters predicted an $8 trillion increase for the period after Obama. But I am no genius. The trick was easy. Just look at history. Since Reagan became president in 1981, US debt has on average doubled every 8 years. A simple extrapolation meant $28 trillion debt at the halfway stage and $40 trillion in 2025. But as the table shows below, I have now revised my forecast and am projecting $50 trillion by 2025.
And Evergrande is back in crisis mode with $300B in debt and unable to pay creditors : China's Guangdong summons Evergrande boss after debt repayment warning | Reuters
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BEIJING, Dec 3 (Reuters) - China's Guangdong province on Friday summoned the chairman of China Evergrande Group (3333.HK) after the real estate developer said there was "no guarantee" it would have enough funds to meet debt repayments, while regulators sought to reassure markets.