Central Banks May Ramp Up Gold Buying – Investment Watch investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.
Americans appear to be growing more concerned about the skyrocketing national debt level – officially $28.1 trillion and counting.
The Peter G. Peterson Foundation’s monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of the Biden Administration’s latest $2 trillion stimulus package.
That $2 trillion bill is simply piled on top of already massive budget deficits.
And it adds furthers to concerns over the country’s currency, the Federal Reserve Note “dollar.”
Federal debt is currently the largest as a percentage of the economy since World War II. Given that no amount of tax hikes will yield enough capital to cover the debt, the nation now finds itself on an unsustainable trajectory towards bankruptcy.
ESR | April 12, 2021 | Rising debt means a weaker dollar enterstageright.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enterstageright.com Daily Mail and Mail on Sunday newspapers.
Americans appear to be growing more concerned about the skyrocketing national debt level – officially $28.1 trillion and counting.
The Peter G. Peterson Foundation’s monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of the Biden Administration’s latest $2 trillion stimulus package.
That $2 trillion bill is simply piled on top of already massive budget deficits.
And it adds furthers to concerns over the country’s currency, the Federal Reserve Note “dollar.”
Federal debt is currently the largest as a percentage of the economy since World War II. Given that no amount of tax hikes will yield enough capital to cover the debt, the nation now finds itself on an unsustainable trajectory towards bankruptcy.
Markets tend to move in cycles. They typically experience cyclical pullbacks after trending higher for a long period of time. Rarely do markets move straight up or straight down. The stock market has, however, essentially moved straight up since the March 2020 mini-crash. As the market moves higher, an increasing number of “analysts” are calling for even higher equity prices. Just last week, in fact, an analyst called for the broad market S&P 500 index to double by 2030. Calls for an 8000 S&P do not seem quite as farfetched as they did just a year ago. That is the power of greed (and wishful thinking) at work.