The New CS Board

[jumanji0881]

It's all about the debt -

Perfect Storms : https://www.mauldineconomics.com/frontlinethoughts/perfect-storms

My Comment : $50T national debt by 2030 ? And a Fed Balance sheet of $25T by 2030 ? Got Gold ?

Excerpts:
Many homeowners who haven’t sold, and have no desire to, have used this time to refinance and in some cases pull cash equity out of their homes. Similarly, homebuilders and contractors have added debt to buy properties, materials, and equipment. All this added leverage could become problematic in a recession/falling home price environment. And we know how debt problems cascade through the economy.

Debt pressure is inexorable. Then COVID came along and simply blew out all the prior debt projections. I’ve said we were looking at $50 trillion by 2030. I now think it will be at least another $5 trillion more and maybe double that. I don’t believe the bond market can handle that by itself.

I firmly believe a $25 trillion+ Federal Reserve balance sheet is likely by the end of this decade.