Sunday, May 5, 2019
Endgame: Starting In 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt | Zero Hedge
While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace, resulting in recurring bond trader nightmares about funding the growing twin US deficits (Budget and Current Account), what few people know is the increasingly ominous composition of this budget deficit.
This is why I'm converting basically all of my and LWJ's nest egg (which is a small nest egg, but there are those who love it) to cash or near-cash. O reader of RC, you have been warned!