US National Debt Spiked by $1.3 Trillion in 12 Months, to $23 Tn. But Who Bought This Pile of Treasury Securities?

The US Gross National Debt has jumped by $1.28 trillion as of today, compared to 12 months ago, to $23.04 trillion. And these are the good times. The economy is rocking and rolling, we’re told. How will this debt balloon during the next economic downturn? Yes, that was a rhetorical question. It’s better to not even think about it. And no one is thinking about it.

Read more: https://wolfstreet.com/2019/11/18/us-national-debt-spiked-by-1-3-trillion-in-12-months-to-23-trillion-but-who-bought-this-pile-of-treasury-securities/

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