Government Debt in the United States increased to 23008410 USD Million in October from 22719402 USD Million in September of 2019. Government Debt in the United States averaged 4251384.16 USD Million from 1942 until 2019, reaching an all-time high of 23008410 USD Million in October of 2019 and a record low of 60000 USD Million in January of 1942. source: U.S. Department of the Treasury. US consumer debt — which includes credit cards, student loans, auto loans, and mortgages — now totals over 14 trillion dollars.
This massive government and private debts put tremendous pressure on the Federal Reserve to keep interest rates low or even to “experiment” with negative rates. But, the Fed can only keep interest rates, which are the price of money, artificially low for so long without serious economic consequences. ….by mises.org #tradingview #depth #US #globaleconomy #stockmarket