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The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
624 Following    1.8M Followers
BREAKING: US federal debt has officially risen above $39 trillion for the first time in history, now up +$2 trillion over the last 8 months. Since the debt ceiling was lifted in early July, US debt has risen +$2.8 trillion. Total US debt has nearly DOUBLED since 2018, with the US Debt-to-GDP ratio now up to 124%. Meanwhile, US debt is projected to surge +$2.4 trillion per year over the next 10 years, reaching a record $64 trillion by 2036, according to CBO estimates. The US debt crisis is out of control.
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