Tuesday, June 5, 2018

Millennials living dangerously

That’s almost double what the government borrowed in fiscal year 2017.Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It’s the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.
The deficits climb on the willingness of millennial to pay 4% of their income, and their children's, for almost eternity. 

We can see the short and long of the liquidity shortage in the near  doubling of debt, and debt service.   We have Turkey, South Africa, Argentina, Brazil in currency crashing.  Italy in debt trouble. Mexican currency too volatile on trade.

No comments: