INSANE! WHO IS GOING TO BUY ALL OF THOSE US TREASURIES WITH RECORD BUDGET DEFICITS?
After President Joe Biden just signed a $1,9 trillion “stimulus” bill it appears that a slight Democrat controlled CONgress is attempting to almost immediately follow that up with another $3 trillion infrastructure and health care bill.
So $4.9 trillion in additional spending commitments (if this new bill gets passed) in under 4 months!
WHO IS GOING TO BUY ALL OF THOSE US TREASURIES WITH RECORD BUDGET DEFICITS? AND WHAT WILL THE FED’S BALANCE SHEET LOOK LIKE 6 MONTHS FROM NOW? A YEAR FROM NOW? 2 YEARS FROM NOW?
It also looks like Biden may lower the income threshold for the top marginal rate, to tax all individual income above $400,000 at 39.6 percent, in order to raise more revenue for his spending plans.
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst