US Adds $14B+ to National Debt Daily.
26 Sep 2023, 05:02
🚨US Adds $14B+ to National Debt Daily💸
📈 US debt increases: Over $14B daily – more than the market cap of the seventh-largest crypto. $DXY $QUACK
🏦 In one week: Total US debt surged by $100B, surpassing $33 trillion. #money #RichQUACK
📊 Daily addition: Equivalent to the combined market cap of Cardano and Solana.
🔖 Interest expense: Around $3B per day, making the total daily addition over $17B.
🤯 Predicted growth: US debt might reach a staggering $45 trillion in the next 4 years.
💰 Issuance and rates: US issuing $2T in bonds in 6 months, causing a spike in rates. Current refinancing happens at doubled rates.
🌍 Global Debt Situation 📌
🌏 Not just a US problem: Global debt hits a record $307T.
📝 Key contributors: US and Japan majorly driving the debt increase.
💵 Growth stats: $10T rise in global debt (in dollar terms) in H1 2023, and $100T growth over the last decade.
🔔 Crypto vs. Debt 📊
🪙 Crypto market cap: Around $1.09T, considerably smaller compared to national and global debts.
📉 Current state: Crypto market sentiments remain low, with only minor upticks.