Latest Govt June Deficit numbers
US June Budget Deficit at -$227.8b; vs Est. -$205b
vs -88.8bln last year
Tax receipts fell 9.2% YoY
Spending rose 17.6% YoY to $646.1bln
Fiscal year-to-date deficit at $1.393t vs $515.067b last year
(900B overspend, projects 1.5 T deficit by Oct end)
unemployment at 40yr lows
housing strong
Stawks on the moon
What happens if there is a recession ... that's the risk. .
$5 trillion deficit sound about right ?
Buying US Treasuries for long term buy/hold with the potential interest rate risk, inflation risk, and US dollar risk is potentially INSANE, where is crazy eddie when you need him!
good case for a small amount of GOLD. . .
YMMV
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