The Biden gov finally did it and surpassed the magical $34 trillion debt mark. The chart shows free space to the next technical resistance at $40 trillion which could hold in a range between 39-40 during the first week of June only to explode higher afterward. A lot of work ahead for the central banks to make the chart look like going parabolic.
10 sats \ 3 replies \ @Undisciplined 3 Jan
We're coming up on another debt ceiling pretty soon. I know those are largely accounting fictions, but depending on how cooperative congress is feeling, there might be a brief plateau on the debt. The interest expense will keep climbing though, as they roll over lower interest rate debt into higher.
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482 sats \ 2 replies \ @TomK OP 3 Jan
Right. But did You get my little chart joke? Or did I translate it from german to english in a way that it's impossible to read the little attampt of cynism in between the lines?
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21 sats \ 1 reply \ @Undisciplined 3 Jan
I thought the very specific prediction about the first week of June was pretty funny.
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0 sats \ 0 replies \ @TomK OP 3 Jan
Thank You. My humour can be strange sometimes
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