7 Tweets People Are Not Tweeting About
John Chalekson
Managing Member at Alternative Money Fund Management, LLC (“AMFM” LLC)
1/7 The recent debt ceiling deal has removed borrowing restrictions until Jan 1, 2025. The US had a debt limit before, but now there's no cap. #DebtCeiling #USDebt
2/7 The US Federal Debt is growing rapidly. It took over 200 years to reach $2 trillion, but now it takes around 18 months to add another $2 trillion. #USDebt #FederalDebt
3/7 The Congressional Budget Office predicts an average annual deficit of $1.6 trillion for the next decade, assuming low interest rates. #Deficit #CBO
4/7 $16 trillion out of $32 trillion of US Federal debt is due in the next 3 years, with 30% maturing in the next 5 months. Refinancing at higher rates could surpass CBO's projections. #Refinancing #USDebt
5/7 Interest payments alone will exceed defense spending due to current interest rates, becoming the largest expense. The new debt ceiling deal provides an open-ended check due to unpredictable debt amounts. #InterestPayments #USDebt
6/7 Trillions of dollars in liquidity swap lines are needed to maintain financial stability, decided by the Federal Reserve without congressional approval. #LiquiditySwap #FederalReserve
7/7 The global financial system faces a problem. The current global debt-to-GDP ratio is at a staggering 400%. Financial analyst Luke Groman argues we've reached the endgame. #GlobalDebt #Endgame