How dangerous the US debt crisis has become? Part 2/2
The US government spending is as high as during a regular recession. What are the consequences for ordinary people, taxpayers, savers, and investors?
The 1st part of the analysis has covered US government spending, deficits, federal debt, and interest payments outlook as well as some of the future consequences.
The 2nd part is more practical and analyzes the tangible costs for ordinary people i.e. taxpayers and savers, domestic and foreign investors, and the government itself. It also goes through how to defend and benefit from such reckless policies in the financial markets. In other words, how to invest. Additionally, it touches upon where there might be a potential limit of the debt raising and where to look for the first hints that something is breaking in the financial system.
If you would like to check my workings on US debt without a paywall, please find the March analysis below:
If you have already read it, you may also want to go through the 1st part of the current analysis under the following link:
WHAT DOES AN “UNSUSTAINABLE DEBT PATH” MEAN?