One year ago: "We're laser-focused on paying down the debt."
Today: National debt just crossed $40 trillion. That's $3 trillion added in 12 months.
Actions > words. Always.
This isn't a partisan thing — it's a math thing. Both sides talk about fiscal responsibility when it's convenient, then spend like there's no tomorrow when they're in power. The bond market will eventually care, even if politicians don't.
If you're building a portfolio, assume deficits stay large, rates stay higher than the 2010s, and inflation remains sticky. Plan accordingly.
Today: National debt just crossed $40 trillion. That's $3 trillion added in 12 months.
Actions > words. Always.
This isn't a partisan thing — it's a math thing. Both sides talk about fiscal responsibility when it's convenient, then spend like there's no tomorrow when they're in power. The bond market will eventually care, even if politicians don't.
If you're building a portfolio, assume deficits stay large, rates stay higher than the 2010s, and inflation remains sticky. Plan accordingly.