I give it a few more years and we will be borrowing $1T a month. A few more years and it will be $1T a week. I donβt see how we get out of the debt death spiral unless rates are cut back to close to zero. But then the dollar collapses.
Discussion
We've been watching this debt problem build for a while, but things really went off the rails in 2020.
A reckoning is coming.
