"In 2008, we had a problem because of too much debt," he said. "Well, since then, Adam [host], the debt everywhere skyrocketed —Rogers' proclamation is not without merit. Amid the coronavirus-induced recession and a growing fiscal deficit, the US national debt recently surpassed— and it's climbing fast. With talks of another fiscal stimulus package coming down the pike, it seems safe to say that number is about to increase.
Here's a look at the Federal Reserve's balance sheet since 2004. Recently, it's exploded in size in response to the coronavirus pandemic. The Fed's balance sheet now sits $3 trillion above its September 2019 reading, and is more than triple that of it's post-Financial Crisis level. "I don't know who's going to bail us out next time around" he said.
Rogers isn't the only one who's been warning about the US' debt load. David Hunter, the chief macro strategist at Contrarian Macro Advisors who's been expecting an"We have debt beyond anything we can ever manage," Hunter said. "When you get these surprises, that leverage really exacerbates whatever downturn you get."will be the result of this sticky situation.
Well the world already knew that Trump ran on debt, mismanagement and bankruptcy with his businesses, so is anyone even surprised now?
Lmao 😂 who would have thought that 😅 trillions in bail out money poured into wall street for years, 3 trillion deficit, it's been faked and baked records so dt could say look at the market lol 😂 which has nothing to do with the state of our country.
This man has been saying the same for the past quarter century.
Wow, it’s amazing that after Trump skyrocketed the deficit without anyone making a peep, a Democrat isn’t even officially elected yet before the articles come out worrying about the deficit. Most of these people had no issue with the very tax cuts the cause the deficit explosion
He has been bearish for 12 years.
That's why America needs realDonaldTrump
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