The US Is 'Long-Term Insolvent,' Says Macro Guru—And Bitcoin Will Benefit - TradingView
The US Is 'Long-Term Insolvent,' Says Macro Guru—And Bitcoin Will Benefit - TradingView
Source: TradingView
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DW NOTE
The U.S. ran a $1.4 trillion deficit through June — that's 3% worse than last year and tracking toward $1.9 trillion by September, or 6% of GDP in an economy supposedly at full employment. When a country borrows that aggressively with rates at 3.65% and rising, it's not predicting insolvency, it's demonstrating it in real time.