The New CS Board

[jumanji0881]

Here Comes The Debt Tsunami: Goldman Warns Treasury Issuance To More Than Double In 2019 : https://www.zerohedge.com/news/2018-01-12/here-comes-debt-tsunami-treasury-issuance-more-double-2019

My comment : AND Fourth, the global recession/depression will explode the total national debt and all sovereign debt much much higher. Trillion $ deficits will be the norm.

Excerpt:
As a result, US marketable borrowings will more than double from below $500 billion in 2018 to over $1 trillion in 2019 as the debt tsunami finally get going.

To build up the strawman, Goldman explains that US borrowing needs will rise for three reasons:

First, recently enacted tax reform legislation is estimated to raise the deficit by more than $200bn, on average, each of the next four years, and Congress looks likely approve substantial new spending as well.
Second, Fed portfolio runoff will increase the amount of debt the Treasury must issue to the public.
Third, the Treasury’s cash balance is likely to rise by around $200bn once a longer-term debt limit suspension is enacted, which will also necessitate additional borrowing.