For the first time ever the US has crossed the $37 trillion market in debt. No worries as the higher the debt goes, the higher equities go. So eveeyone should be cheering this news as its great news for equities and the economy moving forward... Can't wait to celebrate $38 trillion soon, by then equities will be up another 20 to 30% https://www.nbcnews.com/business/ec...rillion-treasury-department-report-rcna224511
Rob Peter to pay Paul to refinance with Robin to invest with Isabella to mortgage with Mary to default on Denny. Akuma
As long as the lenders are willing to accept payment, increasing debt to pay interest in not a problem. Next is who hold the debt? If everyone dumps, what asset to hold? source: Key facts about the U.S. national debt | Pew Research Center
Interest to pay is about $1T. 2/3 borrowed from US insiders. $3T - Japan, UK, China. US $ is still world global currency and a loooong way to switch. In case of big problem, Uncle Sam will figured out how to deal with insiders . We can not control it