U.S. Debt and Economic Outlook

SOURCE www.cnbc.com
The U.S. debt has crossed $34 trillion, with an increase of about $1 trillion every 100 days. Moody's Investors Service has lowered its ratings outlook on the U.S. government due to rising risks in fiscal strength. The 100-day pattern is expected to continue, with debt debasement trades closing in on all-time highs.

Key Points

  • U.S. debt has surpassed $34 trillion, increasing by about $1 trillion every 100 days.
  • Moody's Investors Service has downgraded the U.S. government's ratings outlook to negative.
  • Investment strategist Michael Hartnett predicts the debt will reach $35 trillion in the near future.

Pros

  • The U.S. debt situation is being closely monitored by financial experts.
  • Investment opportunities like gold and bitcoin are being affected by the rising debt.

Cons

  • Moody's Investors Service has a negative outlook on the U.S. government's fiscal strength.
  • Rising debt levels could lead to challenges in debt affordability.