US Government Borrows $800B in 3 months - schiffgold.com
US Government Borrows $800B in 3 months - schiffgold.com
Source: schiffgold.com
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DW NOTE
The U.S. Treasury borrowed $800 billion in three months while the Fed holds rates at 3.75% and the nine-month deficit sits at $1.4 trillion — 3% worse than last year's pace. That's $2.7 billion per day in new debt during a supposed expansion, with rates already cut 175 basis points from the peak and equity markets up 22% year-to-date. This isn't counter-cyclical stimulus. It's structural insolvency with a tech rally for cover.