How can this be sustained?

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.



2024 election realities | Banking and Finance | Breaking News | consumer spending and sentiment



0 Comments(s)



October 5, 2023

Warren Buffett stated that as long as the country’s GDP continued to grow that the corresponding debt associated with it could load on safely. But he also cautioned that we are in uncharted waters when that fragile equation becomes lopsided. Where are we NOW?

JUST IN: The US added another $33 billion of debt in one day yesterday, bringing the 2-day total to $308 billion.

Since US debt crossed $33 trillion just 15 days ago, the US has added another ~$500 billion in debt.

That's an average of $1.4 billion per hour for the last 15 days… pic.twitter.com/aOlQTymVOD
— The Kobeissi Letter (@KobeissiLetter) October 5, 2023