Debt Trifecta At All-Time Highs – Billionaires Panic
Via Birch Gold Group,
ZeroHedge.com
Sun, 02/10/2019
The “trifecta” of national, corporate, and consumer debt has reached all-time highs, and could prove to be catastrophic if a recession hits.
Let’s start by quickly bringing each part of this debt trifecta up to date as much as possible…
U.S. National Debt
The national debt, ever on the rise, currently sits at around $22 trillion.
In just the short decade since 2008, the debt has jumped from $10.6 trillion to $22 trillion. It also comes with a deficit that’s currently over $1 trillion currently. The interest payments alone may be forming a “black hole” from which the U.S. may never escape.
These facts alone should raise concern in any interested observer.
Corporate Debt
The total amount of corporate debt has never stopped rising since 1950. Corporations have taken on a record level of debt since 2007.
The Rest…HERE
