Debt is no longer just rising. It has overtaken the size of the entire U.S. economy.



For the first time since WWII, U.S. national debt has surpassed GDP.

When debt grows faster than productivity, the system survives on refinancing and liquidity expansion.

That usually ends one of two ways:
inflation or austerity.

Markets may ignore it for now. History usually doesn’t.
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OneUnfilledOrder
· 4h ago
Either use inflation to wash away debt, or face the pain of tightening; there's no third option.
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GateUser-423f10e3
· 4h ago
Debt outpaces GDP, but productivity lags behind—how long can this game go on?
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BridgeWhisperer
· 4h ago
History does not forget, but the market will pretend to be asleep.
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