Mountain Of Debt! Despite Biden’s Gloating, Deficits Are Rising And Expected To Keep Rising (Debt Mountain = $33+ Trillion And Growing) As Bank Balance Sheets Get Slammed! – Confounded Interest – Anthony B. Sanders

The US is sitting on a mountain of debt! As in over $33 trillion!

Despite what whispering Joe Biden says, he didn’t reduce the budget deficit other than briefly. The budget deficit is forecast to run persistemly high because of endless, reckless spending and forever wars (Ukraine, Israel and … Taiwan?).

(Bloomberg) — The Federal Reserve faces potential policy pitfalls ahead as it wrestles with how to respond to investor angst about the US government’s $33.5 trillion mountain of debt.

It’s exceedingly difficult to have sound monetary policy without sound fiscal policy. Biden/Democrats do NOT equal sound fiscal policy.

Adding to the pain, the long end of the yield curve is getting clobbered.

And bank balance sheets are getting clobbered too.

The King of Endless War! Billlions Biden! Who Janet Yellen said is “vibrant.” This is vibrant??

Trust Biden to muddy the waters about US debt, deficits and foreign wars. Hell, Biden could only say that the infamous missile that landed on the Gaza hospital was launched by “the other team” like he was watching an Eagles/Giants football game instead of a slaughter of innocents by Hamas terrorists.